Why Unity Software Stock Just Jumped 8%

Morgan Stanley just called a bottom on plummeting Unity Software stock. Investment bank Morgan Stanley upgraded shares of 3D graphics software company Unity Software (U 8.77%) to overweight this morning, and raised its price target to $22 per share. Unity stock responded by soaring 8% through 10 a.m. ET Tuesday. What Morgan Stanley said about Unity stock Quoted by Street Insider this morning, Morgan Stanley analyst Matthew Cost cited significant price underperformance by Unity stock (down 57% over the last ...