TaskUs price target lowered to $12 from $16.50 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on TaskUs (TASK) to $12 from $16.50 and keeps an Equal Weight rating on the shares. Meta (META) spending uncertainty “hurts,” but growth of 15% from the rest of the company’s top 20 clients anchors the firm’s 5% growth forecast, the analyst tells investors.