Morgan Stanley downgrades struggling recent IPO Honest Company after second-quarter miss

The Honest Company hosted a conversation with Founder Jessica Alba and First Lady of Los Angeles, Amy Elaine Wakeland, for the Getty House Foundation Women's Leadership Series. Following, Mayor Eric Garcetti welcomed The Honest Company with co-founders Jessica Alba and Sean Kane to Los Angeles with a special ribbon cutting ceremony and proclamation on March 30, 2016 in Beverly Hills, California.
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A rough second quarter for The Honest Company has clouded the bull case for the newly public company, according to Morgan Stanley.