Morgan Stanley lowered the firm’s price target on iQiyi (IQ) to $1.50 from $2.10 and keeps an Equal Weight rating on the shares. The firm expects a “muted” Q1 with declining revenue and a loss. While the firm views the shift to a decentralized, creator-led content ecosystem as positive, it expects about six months of lead time before any improvement, the analyst tells investors in a preview.
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