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Full Truck Alliance price target lowered to $14 from $16 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Full Truck Alliance (YMM) to $14 from $16 and keeps an Overweight rating on the shares. While Full Truck Alliance’s Q4 order volume guidance of 13%-17% year over year fell shy of expectations due to seasonal impact and its efforts to remove low-quality orders, the short-term disruption is not likely to materially affect its transaction service revenue growth momentum in 2026, the analyst tells investors in a research note.

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