Youdao, Inc. (DAO) Tops Q2 EPS by RMB 13c

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UPDATE: Morgan Stanley Downgrades Youdao (DAO) to Equalweight

August 30, 2021 4:02 AM EDT

(Updated - August 30, 2021 4:51 AM EDT)

Morgan Stanley analyst Sheng Zhong downgraded Youdao (NYSE: DAO) from Overweight to Equalweight with a price target of $11.40 (from $29.00).

The analyst comments "Among the three AST players that we cover, Youdao is least affected by the... More