Fly News Breaks for October 20, 2015
MS
Oct 20, 2015 | 08:38 EDT
After Morgan Stanley reported weaker than expected results, JMP Securities says that the company's Q3 results "were most significantly impacted" by "transitory" items. The firm says that recent improving markets are "setting a better tone" for the company's results heading into the end of the year. JMP Securities finds the stock's risk/reward compelling and keeps a $39 price target and Outperform rating on the shares.
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