Asana price target lowered to $14 from $15 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Asana to $14 from $15 and keeps an Equal Weight rating on the shares after the company missed billings expectations in Q2 and posted a skinnier degree of upside to revenue. Calls for stabilization and modest near-term acceleration creates a tough setup into second half as growth continues to decelerate, the analyst tells investors.