Why DCC stock hit a 52-week low today as Morgan Stanley turns cautious
DCC shares dropped 5.2% to a 52-week low of 4,190 pence Tuesday after Morgan Stanley downgraded the stock and cut its price target. The move follows a 2.6% slide Monday and a 15.8% decline over the past year. Investors await DCC’s Feb. 4 trading statement for a winter update. The FTSE 100 edged higher.