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Stock impact report

Kyndryl (KD) Stock Trades Down, Here Is Why [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
Morgan Stanley cut its price target on Kyndryl to $13.00 from $28.00, while Guggenheim lowered its rating on the stock from Buy to Neutral. The downgrade from Guggenheim came after several key management departures. Kyndryl had previously announced that its financial statements were materially misstated and that it had inadequate internal controls. This resulted in an inability to file its quarterly report on time. Around the same time, the company also disclosed it had received a voluntary document request from the SEC's Enforcement Division regarding its cash management practices. The shares closed the day at $12.39, down 4.4% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Kyndryl? Access our full analysis report here, it's free What Is The Market Telling Us Kyndryl's shares are very volatile and have had 24 moves greater than 5% over the last year. In that conte Show less Read more
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