Bill.com Holdings Inc. (BILL) PT Lowered to $105 at Morgan Stanley, remains constructive

Morgan Stanley analyst Keith Weiss lowered the price target on Bill.com Holdings Inc. (NYSE: BILL) to $105.00 (from $185.00) while maintaining an Overweight rating.

"BILL's sharp sell-off since F2Q has investors asking whether top-line weakness is more cyclical or structural in nature. We remain constructive on the longer-term secular story, while mindful of a more difficult near-term positioning for BILL until spending data inflects."

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