SoftwareONE downgraded to Underweight from Equal Weight at Morgan Stanley

Morgan Stanley downgraded SoftwareONE (SWONF) to Underweight from Equal Weight with a price target of CHF 7.90, down from CHF 8.10. The company faces an “uphill battle” as it navigates declining vendor incentives and its integration of Crayon, the analyst tells investors in a research note.