Chinese firms go global. Morgan Stanley’s stock to play the trend

A U.S.-listed Chinese company that makes most of its money overseas could soar more than 75%, according to Morgan Stanley’s newly updated forecasts. Asia equity analyst Yang Liu and a team not only raised their price target on Tuya by 50 cents to $3.50 last Tuesday, but on Thursday issued a separate note saying they expect the beaten-down shares of the Chinese company to “rise in absolute terms over the next 60 days.” “This is because the stock has traded off recently, making short term valuation much more compelling,” the Morgan Stanley analysts said, noting Tuya’s quarterly results last week….