Here's Why Morgan Stanley Slashed Facebook Parent Meta's Price Target by 10%

• Morgan Stanley analyst Brian Nowak lowered the price target on Facebook parent Meta Platforms Inc (NASDAQ:FB) to $325 from $360 and reiterated Overweight.
• The price target implies an upside of 59.7%.
• Nowak noted lower near-term monetization of Reels.
• Benchmark analyst Mark Zgutowicz harbored similar feelings and therefore initiated coverage on the stock with a Hold and without any price target.
• Erste Group analyst Hans Engel downgraded the stock recently to Hold from Buy.
• Price Action: FB shares traded higher by 1.08% at $205.70 in the market on the last check Wednesday.