Information Provided By:
Fly News Breaks for October 20, 2016
MS
Oct 20, 2016 | 08:04 EDT
As previously reported, Guggenheim upgraded Morgan Stanley to Buy from Neutral with a $39 price target. Analyst Eric Wasserstrom raised estimates to reflect improved revenue mix and operating leverage following the better than expected Q3 report. He believes improved mix of its business and asset composition will benefit Morgan Stanley's future CCAR stress tests and result in greater excess regulatory capital and views risk/reward as positive.