Keefe, Bruyette & Woods Upgrades Morgan Stanley (MS) to Outperform
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Keefe, Bruyette & Woods upgrades Morgan Stanley (NYSE: MS) to Outperform. Price target $35.
Keefe analyst says, "Transfer coverage of MS to Robert Lee. MS is a premier global investment bank and the pending merger of its Wealth Management business with Smith Barney in a JV could sharply alter its business profile. MS should also benefit from recent improvements in operating environment, though we expect a somewhat muted benefit. Raise EPS estimates and PT; raise rating to Outperform."
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.
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