0040 GMT - Audinate loses its bulls at Morgan Stanley after the audio-visual tech provider's increased cash burn widened the range of possible outcomes. MS analysts cut their recommendation on the stock to equal-weight from overweight, telling clients in a note that they still like the company but don't expect positive catalysts over the next 6-12 months. With cash burn set to peak in fiscal 2026, they see top-line growth as key to share-price performance. They think that the revision of management's long-term incentive targets suggests an ambition to accelerate gross-profit growth in fiscal 2027. MS cuts the stock's target by 55% to A$5.00. Shares are down 2.8% at A$4.52. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

September 17, 2025 20:40 ET (00:40 GMT)

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