Arista Networks price target lowered to $73 from $118 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Arista Networks (ANET) to $73 from $118 and keeps an Overweight rating on the shares. Tariffs add more uncertainty into the networking spending market, where demand intentions were “strong, but weakening,” the analyst tells investors. The breadth of the tariffs announced on April 2 “leave little room to hide,” challenging margins, demand or both, the analyst added in a note on the telecom and networking equipment group.