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Slack has a ‘tougher road to large opportunity,’ says Morgan Stanley

“Morgan Stanley analyst Keith Weiss lowered his price target on shares of Slack Technologies Inc” writes Emily Bary for marketwatch.com. Slack’s stock is off 33% over the past three months, as the S&P 500 SPX, -0.01% has dropped 0.5%.Weiss sees a “tougher road to large opportunity” for the workplace messaging company, and because he doesn’t forecast multiple expansion, he said any upside to the stock price will have to come from “more gradual outperformance over time.”. He rates the shares at equal weight.The stock is down 7% in Wednesday’s session.
 
Source: marketwatch.com



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