BUZZ-Chegg falls after Morgan Stanley downgrade, PT cut

Reuters

01-15

BUZZ-Chegg falls after <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> downgrade, PT cut

** Shares of online learning platform Chegg Inc CHGG.N down 8% to $1.49

** Brokerage Morgan Stanley downgrades the stock to "underweight", cuts stock PT to $1.25 from $2

** The market is not appropriately pricing in the material step-down in demand trends - Morgan Stanley

** The latest deterioration caused by changes in the internet search experience, with AI-generated content displayed at the top of search results pages, effectively disintermediating content sites like Chegg - brokerage

** Eight of 11 brokerages rate the stock "hold" and three rate it "sell" or lower; their median PT is $1.50 according to data compiled by LSEG

** CHGG fell ~86% in 2024

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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their median PT is $1.50 according to data compiled by LSEG</p><p>** CHGG fell ~86% in 2024</p><p> (Reporting by Juby Babu in Mexico City)</p><p> ((Juby.Babu@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHGG","symbol_name":"Chegg Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250114:nL4N3OA1C4:1","article_id":"2503030745","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503030745","pubTimestamp":1736872472,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Chegg falls after Morgan Stanley downgrade, PT cut** Shares of online learning platform Chegg Inc CHGG.N down 8% to $1.49** Brokerage Morgan Stanley downgrades the stock to \"underweight\", cuts stock PT to $1.25 from $2** The market is not appropriately pricing in the material step-down in demand trends - Morgan Stanley  ** The latest deterioration caused by changes in the internet search experience, with AI-generated content displayed at the top of search results pages, effectively disintermediating content sites like Chegg - brokerage** Eight of 11 brokerages rate the stock \"hold\" and three rate it \"sell\" or lower; 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