Morgan Stanley Reports Second Quarter 2016:

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UBS Raises Price Target on Morgan Stanley (MS) Following 2Q

July 21, 2016 9:28 AM EDT

UBS reiterated a Buy rating on Morgan Stanley (NYSE: MS), and raised the price target to $34.00 (from $32.00), following the company's 2Q earnings report.

Analyst Brennan Hawken commented, "MS's FICC results certainly were a positive surprise but given the ongoing restructuring we caution against annualizing... More