Eicher Motors 's stock took a hit today with shares dropping over 2% to Rs. 3,741 in early trading. This came after global brokerage firm Morgan Stanley downgraded the stock to underweight from equal-weight and lowered the target price. The downgrade was due to market share and margin challenges, as well as high valuations. Morgan Stanley's new target price for Eicher Motors is Rs. 3,209, indicating a 16.1% decline from the previous close of Rs. 3,826.