Box edges lower after brokerages cut PT

Box

29/05/2024 13:30

** Shares of software firm Box  BOX.N  slip 0.4% to $25
premarket
    ** Brokerages Morgan Stanley and UBS cut their PTs for the
co 
    ** Morgan Stanley cuts PT to $30 from $32, while UBS trims
to $31 from $34
    ** Of 10 analysts covering BOX stock, seven rate it "buy" or
higher, two "hold" and one "sell"; median PT of $32 - LSEG data
    ** YTD, stock is down 2.2%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))