Morgan Stanley upgraded    DocuSign Inc     NASDAQ DOCU  to an Equal-Weight rating  From Underweight  and raised their 12-month price target on shares to $64.00  From $49.00  following increased investor interest. For bears, this difficult competitive environment for DocuSign   as intensifying competition and increased commoditization of core e-signature   contributes to pricing pressure and   or continued market share losses,  wrote analysts in a note. Analysts at Morgan Stanley decided to revisit their thesis on DocuSign after a recent Wall Street Journal report, hinting at a potential private equity deal, spurred investor interest in the software company. Morgan Stanley upgraded    DocuSign Inc     NASDAQ DOCU  to an Equal-Weight rating  From Underweight  and raised their 12-month price target on shares to $64.00  From $49.00  following increased investor interest. Shares of DOCU are down 0.91  in mid-day trading on Tuesday.
Morgan Stanley upgraded DocuSign to Equal-Weight from Underweight, raising the price target to $64 from $49 due to increased investor interest following a potential private equity deal report.