Gogo (GOGO) stock fell Friday after Morgan Stanley downgraded the in-flight Wi-Fi provider to underweight because its recent runup had pushed its valuation up too high. The investment bank also said the company faces more competition and continues to burn cash. Gogo’s stock was down 3.5% in midday trading in the stock market Friday, near 28. Gogo stock hit an all-time high of 31.55 on Thursday. Gogo stock took flight on Monday, after the company
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Morgan Stanley Downgrades Gogo, Stock Slips