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Bilibili -6.8% as Morgan Stanley hits sidelines

|About: Bilibili Inc. (BILI)|By: , SA News Editor

Bilibili ADRs (NASDAQ:BILI) are 6.8% lower in early going after Morgan Stanley cut its rating to Equal Weight.

The firm set its price target to $24 - still high among analysts, and now implying 11% upside after today's tumble.

Overall, the Street remains Very Bullish on Bilibili, while Seeking Alpha authors are Bearish. It has a Quant Rating of Neutral.

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