Morgan Stanley (MS) Tops Q4 EPS by 17c

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UBS Cuts Price Target on Morgan Stanley (MS) to $49; Reiterates Buy

January 18, 2017 9:51 AM EST

UBS maintained a Buy rating on Morgan Stanley (NYSE: MS), and cut the price target to $49.00 (from $50.00). UBS cut 2017/2018 EPS estimates by 5c each to $3.45 and $3.95 primarily on a slightly higher tax rate... More