Morgan Stanley: Wendy’s stock falls as DoorDash gets buy rating post-earnings with 10% drop
Wendy’s stock experiences a decline as a longtime supporter changes stance due to concerns over price cuts. Morgan Stanley recommends buying DoorDash following a sell-off post-earnings. The firm upgraded DoorDash to overweight from equal weight after a 10% stock drop since Feb. 15 earnings report.
Sources
MarketWatch
DoorDash’s stock took a hit after earnings. Morgan Stanley says not to worry. https://t.co/m2wSKyo5cs
Barron's DoorDash’s Stock Slid After Earnings. New Bull Sees a Buying Opportunity. https://t.co/FnXx4RQ123
Mukund Mohan $DASH Morgan Stanley upgrades DoorDash to overweight from equal weight Morgan Stanley’s upgrade comes after the stock fell around 10% since its earnings report on Feb. 15. “While the pullback was driven by investor concerns surrounding investment levels, competitive dynamics and…