Meta sees downgrades amid a new reality of higher costs

Oct. 27, 2022 7:16 AM ETMeta Platforms, Inc. (META)By: Kim Khan, SA News Editor48 Comments

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KeyBanc downgraded shares of Meta (NASDAQ:META) Thursday citing a higher cost environment as the company transforms its business. Morgan Stanley also cut its rating on the stock.

KeyBanc analyst Justin Patterson cut the stock to

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