Morgan Stanley starts Meesho coverage with equal-weight; flags full valuation. Check target, upside potential
International brokerage Morgan Stanley has initiated coverage on newly listed Meesho with an Equal-weight rating and a target price of Rs 169 per share, citing full valuations following the stock’s strong post-listing run-up. The target price suggests an upside of about 3% from current levels. The brokerage said valuations look full as Meesho’s advertising business…