UPDATE: Morgan Stanley Lowers PT on Ancestry.com to $41
Morgan Stanley is out with its report today on Ancestry.com (NASDAQ: ACOM), lowering its PT from $45 to $41.
In its report, Morgan Stanley writes, "We are lowering our price target to $41 (from $45), and modeling slightly lower APRU and revenue, with approximately the same number of subs, which should provide upside to our numbers."
Morgan Stanley reiterates Overweight on ACOM.
Shares of ACOM closed Friday at $23.75.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.