SPS Commerce Shares Fall After Morgan Stanley Downgrade

MT Newswires Live

07/22

SPS Commerce (SPSC) shares fell 4.6% in Tuesday trading after Morgan Stanley downgraded the stock to underweight from equalweight, and adjusted its price target to $57 per share from $70 earlier.

Trading volume stood at over 450,000 shares, compared with a daily average of about 649,000.

Price: 62.66, Change: -3.06, Percent Change: -4.66

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