Morgan Stanley raised the firm’s price target on Reddit (RDDT) to $70 from $63 and keeps an Equal Weight rating on the shares. The firm previewed Q2 EPS for the North American Internet group, stating that Amazon (AMZN) remains its top mega cap pick, while moving down the cap size it is most bullish on Uber (UBER), DoorDash (DASH), Trade Desk (TTD) and eBay (EBAY) and remains more cautious on online travel names and Etsy (ETSY).
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