VNET Group (VNET) shares are soaring in intraday trading, climbing 5.07% as investors react positively to a recent analyst report. The stock's upward movement comes on the heels of Morgan Stanley reiterating its Buy rating on the company.
In a report released on Tuesday, Morgan Stanley analyst Yang Liu CFA maintained a Buy rating on VNET Group, Inc. Sponsored ADR. While the specific price target was not disclosed in the available information, the continued positive stance from a major financial institution appears to have bolstered investor confidence in the stock.
The market's reaction suggests that investors are aligning with Morgan Stanley's bullish outlook on VNET Group. As trading continues, market participants will be watching closely to see if this upward momentum can be sustained, and whether additional analyst coverage or company news might further influence the stock's performance.
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