The Trade Desk (TTD) Shares Fall 7.9% Amid Morgan Stanley Downgrade and Reduced Price Target

The Trade Desk shares fell 7.9% after Morgan Stanley downgraded the stock to "Equalweight" from "Overweight" and lowered its price target to $50 from $80. The downgrade indicates a more cautious view on the company's future performance, prompting a sell-off from investors. The stock has been volatile, with 26 moves greater than 5% over the last year.