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Tuya Inc (TUYA) PT Raised to $3.50 at Morgan Stanley

May 21, 2024 8:03 AM EDT

Morgan Stanley analyst Yang Liu raised the price target on Tuya Inc (NYSE: TUYA) to $3.50 (from $3.00) while maintaining a Overweight rating.

The analyst comments "The sustained recovery in consumer electronics IoT demand, market share consolidation and customers' inventory restocking are behind the... More