8x8 shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $3 to $2.
Portfolio Pulse from Benzinga Newsdesk
8x8 shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $3 to $2.
June 14, 2024 | 4:05 pm
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NEGATIVE IMPACT
8x8 shares are trading lower following a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a reduced price target from $3 to $2.
The downgrade by a major financial institution like Morgan Stanley and the significant reduction in the price target are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100