Morgan Stanley slashes Momo target on earnings

Dec. 07, 2018 7:53 AM ETHello Group Inc. (MOMO)MOMOBy: Brandy Betz, SA News Editor19 Comments
  • 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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