Ticonderoga Securities Upgrades Morgan Stanley (MS) to Buy; Improving Market Will Help Valuation And Capital Options
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Price: $25.19 +2.48%
Rating Summary:
5 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MS Now!
Ticonderoga Securities upgrades Morgan Stanley (NYSE: MS) from Neutral to Buy. PT $29.
Ticonderoga analyst says, "The rating change is driven by improved comfort over Basel III capital, clear signs of a cyclical improvement for both equity capital markets and retail, and a severely discounted valuation (0.9x TBV). While we still see MS trading well below historical averages, the aforementioned reasons lead us to believe that a slight premium to tangible book value is more than reasonable. With tangible book value at $26.50 at the end of Q3 2010, we believe a target of $29 or 1.1x tangible book value is warranted. This implies ~17% upside from current levels."
To see all the upgrades/downgrades on shares of MS, visit our Analyst Ratings page.
Shares are currently trading at $24.85, down $0.01 (-0.04%)
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Ticonderoga analyst says, "The rating change is driven by improved comfort over Basel III capital, clear signs of a cyclical improvement for both equity capital markets and retail, and a severely discounted valuation (0.9x TBV). While we still see MS trading well below historical averages, the aforementioned reasons lead us to believe that a slight premium to tangible book value is more than reasonable. With tangible book value at $26.50 at the end of Q3 2010, we believe a target of $29 or 1.1x tangible book value is warranted. This implies ~17% upside from current levels."
To see all the upgrades/downgrades on shares of MS, visit our Analyst Ratings page.
Shares are currently trading at $24.85, down $0.01 (-0.04%)
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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