Shares of Kyndryl fell 4.3% in the morning session on September 26, 2025, after Morgan Stanley initiated coverage on the company. The investment bank assigned an 'Equalweight' rating and a $30 price target for Kyndryl Holdings.
Analyst initiations of coverage can influence investor sentiment and trading activity, especially from a major financial institution like Morgan Stanley. The 'Equalweight' rating suggests that the stock is expected to perform in line with the broader market.
The market's negative reaction, as evidenced by the stock's decline, indicates that investors may have anticipated a more bullish rating or a higher price target. This event provides a new data point for investors evaluating Kyndryl's market position.
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