Morgan Stanley downgrades Impinj

|By:, SA News Editor

Morgan Stanley downgrades RFID company Impinj (NASDAQ:PI) from Overweight to Equal Weight with a price target of $51.

Impinj shares closed Friday up over 19% to $55.71 following the Amazon’s announced acquisition of Whole Foods. 

Latest analyst standings: 1 Buy and 5 Outperform.   

Median price target: $45. 

Impinj shares are down 1.45% premarket.