Morgan Stanley Lowers Price Targets for Several Stocks

Morgan Stanley has cut price targets across a broad range of stocks in a wave of analyst downgrades this week. Among the most notable moves, the bank lowered PATH (UiPath) to $17 from $19 with an Equal Weight rating, reduced DCI (Donaldson Company) by $2 to $91, and trimmed CPB (Campbell's) to $25. Vail Resorts (MTN) was also cut to $147.

The downgrades reflect a cautious sentiment at Morgan Stanley as macro headwinds — including elevated energy prices from the Iran conflict and persistent inflation — weigh on the earnings outlook for consumer and industrial names. TD Cowen joined the bearish chorus, separately cutting Campbell Soup's target on cost concerns . Other names affected include Chewy (CHWY), TransUnion (TRU), and YETI Holdings (YETI), with most cuts in the $1–$8 range.

The breadth of downgrades across consumer staples, industrials, and software suggests Morgan Stanley sees a broader deceleration in earnings growth rather than company-specific issues. For investors, the signal is one of caution heading into Q2 earnings season. Stocks with defensive characteristics and pricing power may outperform in this environment, while names with high valuations and uncertain demand face continued multiple compression.