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Fly News Breaks for January 13, 2020
DOCU
Jan 13, 2020 | 07:15 EDT
As previously reported, Morgan Stanley analyst Stan Zlotsky downgraded DocuSign to Equal Weight from Overweight with a price target of $76, up from $67. While he believes the "DocuSign story remains fully intact," he notes its shares are trading at all-time highs following a 75% advance in the stock since a year ago. He believes the shares, at current levels, fully price in the company's numerous growth drivers and limited competition, Zlotsky stated.
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