E2open price target lowered to $4 from $5.10 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on E2open to $4 from $5.10 and keeps an Equal Weight rating on the shares. Retention and bookings continue to improve, but the improvement has been slower than what management anticipated, prompting a FY25 guidance cut and leaving management credibility “now slightly under question,” says the analyst, who thinks management “must execute flawlessly against guidance for shares to re-rate.”