Heska downgraded to Underweight at Morgan Stanley on risk to 2023 growth

As previously reported, Morgan Stanley analyst Erin Wright downgraded Heska to Underweight from Equal Weight with a price target of $58, down from $135. She already had viewed Heska’s medium-term and long-term outlook as "ambitious," but underperformance in 2022 and slower than anticipated traction with its new Element AIM launch are "inevitably disappointing" and add risk to 2023 growth, Wright tells investors.