Morgan Stanley Upgrades BILL to Overweight, Raises Price Target to $105; Upgrades OS, PM, DXCM, MNDY, and PCTY

Morgan Stanley has made several upgrades to various stocks, reflecting a positive outlook on their performance. The firm upgraded Bill.com Holdings Inc. (ticker: $BILL) to Overweight from Equalweight, raising the price target to $105 from $95. Analyst comments noted that previous concerns regarding high investor expectations around take rate expansion appeared overly aggressive. Additionally, OneStream Software (ticker: $OS) was also upgraded to Overweight, with a new price target set at $37. In other actions, Morgan Stanley initiated coverage on Philip Morris International Inc. (ticker: $PM) with an Overweight rating and a price target of $140. Other upgrades included Dexcom Inc. (ticker: $DXCM) to Outperform with a price target of $104 from $86, Monday.com Ltd. (ticker: $MNDY) to Buy with a price target of $298, and Paycor HCM Inc. (ticker: $PCTY) to Buy, increasing the price target to $231 from $214.