UPDATE: TuSimple Holdings Inc. (TSP) PT Lowered to $45 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker lowered the price target on TuSimple Holdings Inc. (NASDAQ: TSP) to $45.00 (from $75.00) while maintaining a Overweight rating.

The analyst comments "TSP said that CEO Cheng Lu and Chairman of the Board Mo Chen will be handing over both mantles to co-founder and CTO Xiaodi Hou. We are very familiar with Dr. Hou and continue to have high confidence in the TSP story but acknowledge that this sudden transition brings near-term noise/execution risk."

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