Why Roku Stock Just Tumbled 14.5%
Shares of streaming star Roku (NASDAQ: ROKU) surged nearly 400% from January 1 through Thanksgiving Eve -- but that's all there is to the trade, and now it's time to exit the stock.
Or so says Morgan Stanley. In a downgrade this morning, the Wall Street analyst took an ax to its rating on Roku stock (but not its price target), cutting the shares from "equal weight" to "underweight" (but raising its price target from $100 a share to $110).
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Source Fool.com