Merrill Lynch Upgrades Morgan Stanley (MS) to Buy
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Merrill Lynch upgrades Morgan Stanley (NYSE: MS) from Neutral to Buy, but cuts its price target from $37 to $25. Merrill says shares of Morgan Stanley are "cheap."
Shares of Morgan Stanley are up 77% today to $17.18, but down 55% over the last month.
Morgan Stanley, through its subsidiaries and affiliates, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
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