Shares of MongoDB (NASDAQ: MDB) were pulling back on Monday after a pair of analyst notes came out on the software stock, each warning of near-term headwinds. 

The stock declined as a result. As of 10:49 a.m. ET, it was down 8.7%.

Morgan Stanley lowered its rating on MongoDB from overweight to equal weight, with analyst Sanjit Singh saying the hesitant spending environment could weigh on the company's performance over the next few quarters.

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Source Fool.com