Citi Initiates Coverage on Morgan Stanley (MS) with a Hold; Solid Franchise, But Limited Upside
More News related to MS
- As Economy Shows Improvement, Banks' Financing More - WSJ (JPM, C, GS, DB, CS, More)
- Best of the Web 11/19: Paulson Letter, Wall Street Can't Control Itself, Ken Griffin Rebounds, $6300 Gold?
- BioCryst Announces Proposed Public Offering of Common Stock
- Morgan Stanley Smith Barney Hosts Private Reception and Investment Symposium: Wealth Planning for Domestic Partners
- BioMS Medical Announces Third Quarter 2009 Results
Citi initiates coverage on Morgan Stanley (NYSE: MS) with a Hold. Price target $25.
Citi analyst says, "Despite viewing Morgan Stanley as a solid franchise with leadership positions in attractive businesses, we remain on the sidelines with the shares due to our expectation that returns will be well below historical norms for the next several years. In the past three months the stock has seen a strong move off the lows as it became clear that Morgan Stanley will be a survivor. Now trading at close to tangible book value, we believe the near-term outlook for the stock will be driven by earnings and we do not see significant upside to consensus EPS estimates."
To see more analyst ratings on MS Click Here.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals.
Related Categories
New CoverageStocks Mentioned
-0.91Related Entities
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!
