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

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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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