Allbirds Shares Plummet 14% on Weak Guidance, While Q2 Results Beat Estimates
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Allbirds (BIRD) Downgraded on Macroeconomic Deterioration
August 10, 2022 12:53 PM EDTDespite a 4% climb in its share price Wednesday, Allbirds, Inc. (NASDAQ: BIRD) stock was downgraded to Equal-Weight with a $5 per share price target by Morgan Stanley analyst Alex Straton.
Straton said in a research note that macroeconomic deterioration, slower sales growth, and a potentially longer... More
