Morgan Stanley names Full Truck ‘Research Tactical Idea’ on selloff

Morgan Stanley analyst Eddy Wang placed a “Research Tactical Idea” of Full Truck Alliance (YMM), expecting the shares to rise over the next 15 days. Full Truck’s valuation is “more compelling” following the recent selloff, the analyst tells investors in a research note. The firm believes investor concerns on the company’s credit solution business and regulation headwinds are overdone. It expects Full Truck to report strong Q2 results and keeps an Overweight rating on the shares with a $15 price target