Today's Most Important Downgrades

UBS analyst downgraded BlackRock (NYSE: BLK) to Neutral from Buy and lowered its price target to $585.00 from $700.00 based on environmental pressure to earnings and risk from the company's ESG positioning.

Morgan Stanley downgraded Zoom Communications (NASDAQ: ZM) to Equalweight from Overweight and lowered its price target to $90 from $130. Given the lack of catalysts, the analysts don’t expect to see an improvement in business performance until next year.

Meta Platforms (NASDAQ: META) shares fell 4% intra-day today after Atlantic Equities downgraded the company to Neutral from Overweight with a price target of $160. The analysts believe the company's growth outlook is increasingly challenged given strengthening macro headwinds, rising competition for advertising dollars and easing secular tailwinds in digital advertising.

Bernstein downgraded Bilibili (NASDAQ: BILI) to Underperform from Market Perform and lowered its price target to $9.00 from $16.50. Shares plunged around 7% intra-day today.

By Davit Kirakosyan

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