Morgan Stanley Downgrades Bank of America (BAC) to Underweight
More News related to BAC
- U.S. To Directly Invest $250 Billion In Banks
- Raymond James Upgrades Bank of America (BAC) to Strong Buy
- Janco Partners Upgrades Liberty Capital (LCAPA) to Buy
- Active Equity option families in first 30-minutes of Trading: MS GE BAC AAPL
- Morning Movers 10/13: Morgan Stanley (MS) Surges on Mitsubishi Deal; Financial Up Across The Board
More News related to C
- Citi Awards $50,000 to Las Vegas Nonprofit Counseling Organization for Foreclosure Prevention Programs
- U.S. To Directly Invest $250 Billion In Banks
- Analyst Reports for Citigroup Inc., Gannett Co. Inc., Stryker Corporation and Noble Corporation
- Morning Movers 10/13: Morgan Stanley (MS) Surges on Mitsubishi Deal; Financial Up Across The Board
- Investors With Losses in Large Concentrated Positions Should Consider Their Legal Options, Announces The Securities Law Firm of Klayman & Toskes
More News related to JPM
- U.S. To Directly Invest $250 Billion In Banks
- Lead Plaintiff Deadline Approaching for Preferred Stock, Series 2008-1 Shareholders of Fannie Mae -- JPM, LEHMQ, BAC, MER, GS
- Notice From the Securities Law Firm of Klayman & Toskes to all JPMorgan Chase & Co. Customers Who Purchased Freddie Mac Preferred Stock, Series Z
- Ridiculous Short Selling Ban Is Over, Alleluia
- Morning Movers 10/09: Financials Up Even As Short Selling Ban Ends; Abercrombie & Fitch (ANF) Down On SSS/EPS Guidance
More News related to Analyst Comments
- AmTech's Top 12 Fundamental Picks (RIMM, FSLR, MELI, QCOM, more..)
- Pali Research Maintains 'Buy' Rating on Sohu.com (SOHU), Lowers Price Target and 2009 Estimates
- Pali Research Maintains 'Buy' Rating on Sina Corp (SINA), but Slashes Earnings Estimates and Price Target
- Davenport Maintains 'Strong Buy' Rating on Kaiser Aluminum (KALU), But Cut Earnings Estimates and Price Target
- Davenport Maintains 'Strong Buy' Rating on Harsco (HSC), Lowers Price Target and Earnings Estimates
Morgan Stanley downgrades Bank of America (NYSE: BAC) from Equal-weight to Underweight and lowered its price target to $15, saying the company may cut its dividend by 20% and may raise up $12 billion in Q4.
Morgan Stanley said the credit crisis is far from over.
Morgan Stanley also cuts its price target on Citigroup (NYSE: C) to $14. Morgan Stanley also lowered estimates on JPMorgan (NYSE: JPM) from $2.60 to $2.11.
Related Categories
Analyst CommentsDowngrades
Stocks Mentioned
+1.92Related Entities
Comments
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!
$15.00 for BAC?
RNewman514 on Jul 10, 2008 08:34 AMIf BAC hits $15.00 per share, buy all you can afford. In two to three years it will be back up to $50.00 per share.