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Clarivate downgraded to Equal Weight from Overweight at Morgan Stanley
The Fly

Clarivate downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Toni Kaplan downgraded Clarivate to Equal Weight from Overweight with a price target of $12, up from $11. The analyst views the stock’s valuation as "fair" following the 34% rally year-to-date. The firm sees a lack of clarity on whether Clarivate will be successful in its turnaround efforts. The company’s leverage is high and the shares lack a near-term catalyst, the analyst tells investors in a research note.

Published first on TheFly

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