UPDATE: Deutsche Bank Downgrades Morgan Stanley (MS) to Hold
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Price: $25.33 +0.56%
Rating Summary:
5 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Rating Summary:
5 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Trade MS Now!
(Updated - March 16, 2012 7:14 AM EDT)
Deutsche Bank downgrades Morgan Stanley (NYSE: MS) from Buy to Hold and cut its price target from $28 to $22.
The firm comments, "while the gains over the past few months were warranted and we still expect the firm to eventually get closer to adjusted TBV, given a still mixed macro/reg outlook, a challenging outlook for FICC for the non-top five players, & a relative rating/rev mix headwind, we expect returns and valuation to remain challenged and see limited upside."
2012 & 2013 EPS estimates are unchanged at $2.15 & $2.60
For an analyst ratings summary and ratings history on Morgan Stanley click here. For more ratings news on Morgan Stanley click here.
Shares of Morgan Stanley closed at $19.51 yesterday, with a 52 week range of $11.58-$28.24.
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Deutsche Bank downgrades Morgan Stanley (NYSE: MS) from Buy to Hold and cut its price target from $28 to $22.
The firm comments, "while the gains over the past few months were warranted and we still expect the firm to eventually get closer to adjusted TBV, given a still mixed macro/reg outlook, a challenging outlook for FICC for the non-top five players, & a relative rating/rev mix headwind, we expect returns and valuation to remain challenged and see limited upside."
2012 & 2013 EPS estimates are unchanged at $2.15 & $2.60
For an analyst ratings summary and ratings history on Morgan Stanley click here. For more ratings news on Morgan Stanley click here.
Shares of Morgan Stanley closed at $19.51 yesterday, with a 52 week range of $11.58-$28.24.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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