Coursera resumed with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Josh Baer resumed coverage of Coursera (COUR) with an Equal Weight rating and $8.50 price target The stock “screens cheap,” especially if the company can drive cost savings, but the firm believes the trajectory of growth, unknown customer overlap with Udemy and related top-line impacts from the combination “create too much uncertainty to build conviction in the path ahead” at this point, the analyst tells investors.