GitLab and Nutanix receive equal weight reductions from Morgan Stanley

GitLab (GTLB) and Nutanix (NTNX) were downgraded to Equal Weight from Overweight by Morgan Stanley.

The actions of both were they fell 2% and 1%respectively, during Monday morning market action.

Morgan Stanley also lowered its price target on GitLab to $42 from $55 and Nutanix.