Semrush upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Semrush (SEMR) to Overweight from Equal Weight with a price target of $20, up from $17. Semrush is a leader in online visibility management and is positioned to accelerate growth with a large enterprise product opportunity, the analyst tells investors in a research note. The firm says alleviating small business and freelance headwinds along with margin expansion will drive “profitable” 20% revenue growth, which is underappreciated in shares at current levels. It sees an attractive entry point at current share levels.