Morgan Stanley Downgrades Affirm Stock Amid Valuation Concerns
On June 25, Morgan Stanley downgraded Affirm (AFRM) from 'Overweight' to 'Equal Weight', citing that the stock has reached fair value after a significant price increase. The firm noted key concerns have been resolved but emphasized further earnings growth is needed for continued active sponsorship.
Topics: Affirm Morgan Stanley stock downgrade valuation call