Morgan Stanley's (MS) Gorman: Facebook Shares Will 'Keep Recovering'
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Facebook (Nasdaq: FB) is higher Friday morning amid positive comments from Morgan Stanley (NYSE: MS) Chief James P. Gorman on CNBC.
Gorman said Facebook shares are now normalizing and the stock will "keep recovering." He noted that the IPO of Facebook was a "historic" one.
Morgan Stanely was one of the head underwriters on the Facebook IPO. The firm reported fourth-quarter 2012 results earlier. For more color on the numbers, click here.
Facebook is up about 0.5 percent early.
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Gorman said Facebook shares are now normalizing and the stock will "keep recovering." He noted that the IPO of Facebook was a "historic" one.
Morgan Stanely was one of the head underwriters on the Facebook IPO. The firm reported fourth-quarter 2012 results earlier. For more color on the numbers, click here.
Facebook is up about 0.5 percent early.
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