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Fly News Breaks for October 20, 2015
MS
Oct 20, 2015 | 07:54 EDT
UBS believes Morgan Stanley investor reaction to its Q3 results appears overdone. The firm said results were disappointing but the components leading to the miss look one-time in nature and should not translate into the shares underperforming. UBS reiterated its Buy rating but lowered its price target to $39 from $43 on Morgan Stanley shares.
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