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Fly News Breaks for April 18, 2019
MS
Apr 18, 2019 | 08:27 EDT
Citi analyst Keith Horowitz downgraded Morgan Stanley to Neutral from Buy with an unchanged price target of $48. The stock in premarket trading is down 45c to $47.81. Morgan reported "strong" Q1 results but the shares are fairly valued, Horowitz tells investors in a research note. The analyst points out the stock has outperformed peers by rallying 22% year-to-date. Though Morgan Stanley has "very high quality" franchises and the potential to continue to gain market share, "we'd rather be on the sidelines in the near-term," says Horowitz.
News For MS From the Last 2 Days
MS
Apr 26, 2024 | 12:03 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
MS
Apr 26, 2024 | 10:00 EDT
Automotive data and software services provider Solera is weighing an initial public offering that may raise over $1B and has picked banks including Goldman Sachs (GS) and Morgan Stanley (MS) to work on the offering, people familiar with the matter told Bloomberg's Amy Or and Ryan Gould. Solera could launch an offering as soon as in July, the sources noted. Reference Link
