Morgan Stanley Downgrades Bank of America (BAC) to Underweight
More News related to BAC
- Top 10 News Items 11/16-11/20: Dell Blows It Again, Geither Gets Roasted on Capitol Hill, Again, IPO's A-Plenty
- Bove Says BofA (BAC) Shareholders Want Lewis Back in CEO Spot
- Thousands of Dollars Donated to Assist Fort Hood Families in the Wake of Tragedy
- Meredith Whitney Thinks Paulson's Timing On a BofA (BAC) Double May Be Wrong
- Best of the Web 11/19: Paulson Letter, Wall Street Can't Control Itself, Ken Griffin Rebounds, $6300 Gold?
More News related to C
- Active equity option families in first 30 minutes of trading according to Track Data are: DELL C F JPM
- Meredith Whitney Thinks Paulson's Timing On a BofA (BAC) Double May Be Wrong
- Citi (C) Snags Bodurtha from BofA Merrill; Will be Director and Head of Investments for N.A..
- Steve Bodurtha Joins Citi Private Bank as Managing Director and Head of Investments for North America
- Option volume leaders today according to Track Data are: BAC GE C GS
More News related to JPM
- Bear Stearns Investor's Motion to Block Consolidation of Case With Class Action Denied by U.S. Court
- Case Accusing Chase, Others of Conspiring on Arbitration Clauses is Partially Settled
- Active equity option families in first 30 minutes of trading according to Track Data are: DELL C F JPM
- Treasury to auction warrants of JPMorgan (JPM), Capital One (COF) and TCF Financial (TCB)
- Meredith Whitney Thinks Paulson's Timing On a BofA (BAC) Double May Be Wrong
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
+0.01
-0.06Related 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.