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Morgan Stanley’s Social Media Valuations Now Look Less Overvalued Than Peers
Morgan Stanley raised its price targets on social media leaders on Thursday, but are they close to or even above their fair value?
Morgan Stanley raised its price targets on social media leaders on Thursday, but are they close to or even above their fair value?
Wednesday's top analyst upgrades and downgrades included AECOM, AIG, Dow, DuPont, KLA, Newmont, PG&E, Pinterest, Shake Shack, Snap and Vornado Realty Trust.
A significant part of the downturn in social media share prices is likely attributable to investors' belief that these companies lost ad revenues in March and are likely to lose more.