Sonova (OTC:SONVY) Receives Lower Rating From Morgan Stanley. What’s The Reasoning Behind This Move?

Share

Sonova (OTC:SONVY) Receives a Downgrade

Morgan Stanley has given Sonova (OTC:SONVY) shares a new “Underweight” rating in a recent report sent to clients and investors on Tuesday morning. This was a ratings downgrade from the preceding “Equal-weight” rating.

The stock decreased 0.64% or $0.16 on December 8, striking $24.85. Approximately shares of stock traded hands. SONOVA HOLDING AG UNSP ADR EACH REPR 0.2 ORD (OTC:SONVY) has declined 13.47% since May 6, 2015 and is downtrending. It has underperformed by 12.68% the S&P500.

Sonova (OTC:SONVY) Receives Lower Rating From Morgan Stanley. What’s The Reasoning Behind This Move?

COMMENTS: