Morgan Stanley slashes Momo target on earnings

|About: Momo (MOMO)|By:, SA News Editor

Morgan Stanley downgrades Momo (NASDAQ:MOMO) from Overweight to Equal Weight and drops the target from $61 to $30.

Momo shares plunged 14.6% yesterday after reporting Q3 earnings with downside guidance.

Momo shares are down 1.3% premarket to $26.70.

Previously: Momo beats by $0.07, beats on revenue (Dec. 5)

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