Morgan Stanley upgrades Allbirds, says stock is cheap after post-IPO decline

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Jesse Pound@/in/jesse-pound@jesserpound
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A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021.
Al Drago | Bloomberg | Getty Images

It should be hard for investors to ignore the upside for Allbirds after the recent decline for the stock, according to Morgan Stanley.