Morgan Stanley Upgrades Capgemini, Lowers Target Price to €117 After 26% YTD Drop

Morgan Stanley stunned the market with a fresh rating update on European tech giant Capgemini after its shares fell by 26 percent year‑to‑date. The announcement triggered strong investor interest and gave new context to Capgemini’s recent share weakness. In its latest research note the global investment bank raised its rating on Capgemini while lowering its 12‑month target price to €117. This article explains why the move matters how it affects investor sentiment and what it means for the broader European stock market.