Morgan Stanley Downgrades Weibo to Underweight, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Weibo (NASDAQ:WB) from Equal-Weight to Underweight and lowered its price target from $11 to $10.

May 17, 2024 | 9:30 am
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NEGATIVE IMPACT
Morgan Stanley has downgraded Weibo from Equal-Weight to Underweight and reduced the price target from $11 to $10.
The downgrade from a major financial institution like Morgan Stanley and the reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in Weibo's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100