Barclays, Fox-Pitt Analysts Cut Q3 Estimates on Morgan Stanley (MS)
More News related to MS
- The deVere Group Announces New Range of Morgan Stanley Investment Products
- China's Massive Investment Fund Discloses $9.63 Billion U.S. Portfolio (TCK, MS, BLK, V, more...)
- Highlights From NDAQ's Q4 Conference Call: Realized Growth in Many Business Segments; Increased Volumes
- Credit Suisse Adds Morgan Stanley (MS) to U.S. Focus List
- Bank Stocks See Volatility But Hold On to Gains In Face of Volcker Testimony
More News related to Analyst Comments
- Morgan Stanley Says Buy Commodities on Recent Dip
- JPMorgan Close to Upgrading UAL, AMR, US Airways; Raises Estimates on UAL Following Traffic Results (UAUA, AMR, LCC, more)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- S&P Revises Outlook on Citigroup (C) from Stable to Negative
- Wedbush Maintains an 'Outperform' on Electronic Arts (ERTS); Lowers PT & Estimates
Analysts at both Barclays and Fox-Pitt Kelton have cut their Q3 earnings estimates on shares of Morgan Stanley (NYSE: MS) this morning. Over the last two weeks, at least five analyst firms have revised their estimates on the tumultuous bank.
Today, Barclays analyst Roger Freeman lowered his quarterly EPS estimate from $0.75 to $0.26 and Fox-Pitt's David Trone moved his estimate from $0.61 to $0.42. Following the recent round of analyst estimate cuts, the Street is currently looking for Q3 EPS of $0.36.
Barclays maintains an Equalweight rating and $32 price target on shares of Morgan Stanley, while Fox-Pitt maintains an In-Line rating and $30 target.
Shares of Morgan Stanley have fallen more than 2% over the last two weeks, and are indicated about a percent lower this morning. The stock most recently traded at $30.54.
Related Categories
Analyst CommentsStocks Mentioned
+0.53Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
