Samsara downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Keith Weiss downgraded Samsara to Equal Weight from Overweight with a price target of $19, up from $18. The analyst still sees a "long runway" for the company’s Connected Operations Cloud to support continued growth and improving efficiencies. However, the stock’s outperformance year-to-date balances the risk/reward from here, the analyst tells investors in a research note. The firm says Samsara now trades at a "meaningful premium to peers."