Zeta Global price target lowered to $23 from $26 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Zeta Global (ZETA) to $23 from $26 and keeps an Equal Weight rating on the shares. A short report to close the year caused “noise” and reversed much of the stock’s earlier-year momentum, notes the analyst, who believes the market’s perception of potential impending risks related to issues raised will drive shares to trade below fundamental value until the short report overhang is worked through.