Citing The 'Macro Uncertainty' Of War, Morgan Stanley Trims Digital Price Targets

On the heels of IPG Mediabrands’ Magna’s downward revision for U.S. ad spending, the equity research team at Morgan Stanley has also reduced its price targets for some digital advertising-centric media suppliers.

Citing the “winds of macro uncertainty” caused by Russians invasion of Ukraine, Morgan Stanley’s Brian Nowak trimmed the …

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