Why Unity Software Stock Just Jumped 8%
Investment bank Morgan Stanley upgraded shares of 3D graphics software company Unity Software (NYSE: U) to overweight this morning, and raised its price target to $22 per share.
Unity stock responded by soaring 8% through 10 a.m. ET Tuesday.
Quoted by Street Insider this morning, Morgan Stanley analyst Matthew Cost cited significant price underperformance by Unity stock (down 57% over the last 52 weeks) as potentially "derisking" the stock for new buyers.
Source Fool.com
