UPDATE - UBS Initiates Coverage on Morgan Stanley (MS) with a Neutral; A 'Show Me' Story
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Price: $207.45 --0%
Rating Summary:
22 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
Rating Summary:
22 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
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UPDATE - UBS initiates coverage on Morgan Stanley (NYSE: MS) with a Neutral. PT $28.
UBS analyst says, "After numerous disappointments, shareholders have chosen not to embrace MS’s stock until the firm provides evidence that it can deliver better results with greater consistency. MS still has great brand equity, but it needs to improve its operating performance across all three of its businesses before its shares will be rewarded. We prefer other names, as it will take time for better results to emerge."
"Contribution of earnings from MSSB could quadruple over four years - We believe earnings from Morgan Stanley’s Global Wealth Management segment could quadruple over the next four years, contributing over $1.60 to EPS. For this to be achieved we need to see: (1) MS purchase the remaining 49% of MSSB by 2015, (2) Fed Funds rise to at least 3.%, and (3) GWM’s pretax margins increase to 20%, all of which we believe are achievable."
To see all upgrades/downgrades on shares of MS, visit our Analyst Ratings page.
UBS analyst says, "After numerous disappointments, shareholders have chosen not to embrace MS’s stock until the firm provides evidence that it can deliver better results with greater consistency. MS still has great brand equity, but it needs to improve its operating performance across all three of its businesses before its shares will be rewarded. We prefer other names, as it will take time for better results to emerge."
"Contribution of earnings from MSSB could quadruple over four years - We believe earnings from Morgan Stanley’s Global Wealth Management segment could quadruple over the next four years, contributing over $1.60 to EPS. For this to be achieved we need to see: (1) MS purchase the remaining 49% of MSSB by 2015, (2) Fed Funds rise to at least 3.%, and (3) GWM’s pretax margins increase to 20%, all of which we believe are achievable."
To see all upgrades/downgrades on shares of MS, visit our Analyst Ratings page.
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