PLAN - Anaplan shares pop after Morgan Stanley upgrade Street-high price target

Citing the improved demand outlook, Morgan Stanley upgrades Anaplan (PLAN) from Equal-Weight to Overweight and raises the price target from $68 to the Street-high $100.Analyst Stan Zlotsky says Anaplan was on a steady "mid-40$ growth glide path" until execution issues hit in Q4.But execution improvement, demand trends, and product differentiation should drive a return to durable growth above 30%.Anaplan shares are up 2.5% to $84.31.Anaplan will report Q4 earnings on February 25.

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Anaplan shares pop after Morgan Stanley upgrade, Street-high price target