
Shares of cybersecurity firm CrowdStrike CRWD.O down 2.75% at $467.02 in early morning trading
Morgan Stanley downgrades stock rating to "equal weight" from "overweight"
"Stepping to the sidelines given full valuation after ~50% run and rising growth expectations" - Morgan Stanley
Brokerage says the anticipated acceleration in the second half of the year now looks well priced in the shares
MS however hikes stock PT to $495 from $490; says opportunity and positioning remain robust longer-term
Avg rating of 54 brokerages is "buy"; their median PT is $495, according to data compiled by LSEG
CRWD up ~40% YTD