Atlantic Equities Cuts Morgan Stanley (MS), Upgrades US Bancorp (USB)

January 27, 2012 7:54 AM EST
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Price: $42.86 +1.68%

Rating Summary:
    18 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Atlantic Equities Richard Staite revised estimates and investment ratings on a number of Banking stocks Friday morning.

The analyst downgraded shares of Morgan Stanley (NYSE: MS) from Neutral to Underweight while at the same time upgrading shares of US Bancorp (NYSE: USB) from Underweight to Neutral.

Staite maintained an $18 price target on Morgan Stanley and boosted his target on US Bancorp from $26 to $30.

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