Morgan Stanley Downgrades ZoomInfo Technologies to Equal-Weight, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter downgraded ZoomInfo Technologies (ZI) from Overweight to Equal-Weight and reduced the price target from $24 to $20.

February 01, 2024 | 10:50 am
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ZoomInfo Technologies was downgraded by Morgan Stanley from Overweight to Equal-Weight, with a price target reduction from $24 to $20.
The downgrade by a major financial institution like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in ZI's stock price. The reduction in the price target further emphasizes a less optimistic outlook on the company's valuation, which could deter investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100