Morgan Stanley Downgrades Astera Labs to $142, Affirm to $57, Polaris to $60, and Harley-Davidson to $33 Amid Market Caution

Several companies have recently faced downgrades from various financial institutions. Astera Labs ($ALAB) was downgraded to Equal-Weight from Overweight by Morgan Stanley, with a new price target set at $142. Affirm ($AFRM) was also downgraded to Neutral from Positive by Susquehanna, with a price target of $57. In addition, Polaris ($PII) and Harley-Davidson ($HOG) were downgraded to Equal-Weight by Morgan Stanley, with price targets of $60 and $33, respectively. Morgan Stanley maintained an Overweight rating on Seagate Technology Holdings ($STX) but lowered its price target to $129 from $133. Other downgrades included $CF to Sector Perform at RBC with a price target of $100, and $MOS to Underweight at Barclays with a revised target of $27 from $30. McDonald's ($MCD) saw its price target lowered to $336 from $340 while maintaining an Overweight rating. The downgrades reflect a cautious outlook on the valuation of these companies amid shifting market conditions.