Dada Nexus shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
Portfolio Pulse from Benzinga Newsdesk
Dada Nexus shares have dropped following a downgrade by Morgan Stanley from Overweight to Equal-Weight.
October 19, 2023 | 5:35 pm
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NEGATIVE IMPACT
Dada Nexus shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
Morgan Stanley's downgrade of Dada Nexus from Overweight to Equal-Weight has led to a decrease in the company's share price. This downgrade indicates a less optimistic outlook for the company's stock, which can lead to selling pressure from investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100