UPDATE: Morgan Stanley Downgrades Avaya Holdings (AVYA) to Equalweight

(updating comment)

Morgan Stanley analyst Meta Marshall downgraded Avaya Holdings (NYSE: AVYA) from Overweight to Equalweight with a price target of $22.00.

The analyst comments "Risk-reward now more balanced as leverage concerns ease, share repurchases near conclusion, and ACO contributions are better captured in valuation. Value remains, but see better opportunities elsewhere."

For an analyst ratings summary and ratings history on Avaya Holdings click here. For more ratings news on Avaya Holdings click here.

Shares of Avaya Holdings closed at $20.33 yesterday.

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