Breaking News Instant updates and real-time market news.

MS

Morgan Stanley

$42.61

-1.06 (-2.43%)

18:23
06/12/19
06/12
18:23
06/12/19
18:23

Morgan Stanley seeks majority stake in China JV, Reuters reports

Morgan Stanley CEO James Gorman said that the company seeks to obtain majority ownership of a joint venture in China, but regulators there have not signed off on the notion, Reuters' Allison Lampert reports. Recently, the U.S. lender became the biggest shareholder in Morgan Stanley Huaxin Fund Management Company, a joint venture with Huaxin Securities, but remains a minority holder, Lampert notes. Gorman did not name which venture he was talking about, the author notes. "China is, I think, the only country in the world where we do business (and) don't have 50% or more ownership of our business," Gorman said at the International Economic Forum of the Americas in Montreal. "That is unacceptable." Reference Link

MS Morgan Stanley
$42.61

-1.06 (-2.43%)

04/18/19
SBSH
04/18/19
DOWNGRADE
Target $48
SBSH
Neutral
Morgan Stanley downgraded to Neutral from Buy at Citi
Citi analyst Keith Horowitz downgraded Morgan Stanley to Neutral from Buy with an unchanged price target of $48. The analyst finds the stock fairly valued following the company's Q1 results.
04/18/19
SBSH
04/18/19
DOWNGRADE
Target $48
SBSH
Neutral
Citi downgrades Morgan Stanley to Neutral despite 'strong' Q1 results
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.
04/18/19
BMOC
04/18/19
NO CHANGE
Target $68
BMOC
Outperform
Morgan Stanley price target raised to $68 from $65 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Morgan Stanley to $68 and kept his Outperform rating after its "broad based" Q1 earnings beat, also raising his FY19 and FY20 EPS view by 22c and $1.11 to $5.16 and $5.95 respectively. The analyst contends that at a 2-year-forward rolling earnings multiple of 7.9-times, the market "fails to appreciate" Morgan Stanley's wealth management-rich business mix, while also pointing to the "pent-up deal pipeline" for the rest of the 2019.
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

02:50
06/24/19
06/24
02:50
06/24/19
02:50
General news
FX Update: Both the dollar and yen had been softening »

FX Update: Both the…

02:05
06/24/19
06/24
02:05
06/24/19
02:05
General news
Asian Market Wrap: »

Asian Market Wrap:…

FB

Facebook

$191.16

1.7 (0.90%)

, FDX

FedEx

$165.31

-2.58 (-1.54%)

19:17
06/23/19
06/23
19:17
06/23/19
19:17
Hot Stocks
Fly Intel: Top five weekend stock stories »

Catch up on the…

FB

Facebook

$191.16

1.7 (0.90%)

FDX

FedEx

$165.31

-2.58 (-1.54%)

CZR

Caesars

$9.99

-0.05 (-0.50%)

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

GOOGL

Alphabet Class A

$1,125.17

10.03 (0.90%)

GOOG

Alphabet

$1,122.38

9.8 (0.88%)

DIS

Disney

$140.25

-1.93 (-1.36%)

HUM

Humana

$270.39

11.5 (4.44%)

PLNT

Planet Fitness

$76.00

-2.23 (-2.85%)

MAR

Marriott

$137.08

-0.22 (-0.16%)

XOM

Exxon Mobil

$77.68

1.06 (1.38%)

CVX

Chevron

$125.00

0.73 (0.59%)

EXC

Exelon

$50.42

0.17 (0.34%)

PLD

Prologis

$81.37

-1.14 (-1.38%)

NEE

NextEra Energy

$207.69

1.28 (0.62%)

MERLY

Merlin Entertainments

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jun

  • 24

    Jun

  • 24

    Jun

  • 25

    Jun

  • 25

    Jun

  • 25

    Jun

  • 26

    Jun

  • 27

    Jun

  • 28

    Jun

  • 09

    Jul

  • 10

    Jul

  • 16

    Jul

  • 16

    Jul

  • 25

    Jul

  • 25

    Jul

  • 30

    Jul

  • 31

    Jul

  • 31

    Jul

  • 27

    Oct

  • 13

    Nov

AMZN

Amazon.com

$1,910.42

-6.78 (-0.35%)

, GOOGL

Alphabet Class A

$1,125.17

10.03 (0.90%)

18:50
06/23/19
06/23
18:50
06/23/19
18:50
Periodicals
Senators want Big Tech to put price on users' data, Axios reports »

Senators Mark Warner and…

AMZN

Amazon.com

$1,910.42

-6.78 (-0.35%)

GOOGL

Alphabet Class A

$1,125.17

10.03 (0.90%)

GOOG

Alphabet

$1,122.38

9.8 (0.88%)

FB

Facebook

$191.16

1.7 (0.90%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

  • 09

    Jul

  • 10

    Jul

  • 16

    Jul

  • 25

    Jul

  • 25

    Jul

  • 27

    Oct

T

AT&T

$32.46

-0.07 (-0.22%)

, CMCSA

Comcast

$43.55

-0.12 (-0.27%)

18:02
06/23/19
06/23
18:02
06/23/19
18:02
On The Fly
Box Office Battle: 'Toy Story 4' wins weekend with $118M debut »

"Box Office Battle" is…

T

AT&T

$32.46

-0.07 (-0.22%)

CMCSA

Comcast

$43.55

-0.12 (-0.27%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$53.29

-0.65 (-1.21%)

LGF.A

Lionsgate

$12.03

0.005 (0.04%)

DIS

Disney

$140.25

-1.93 (-1.36%)

VIAB

Viacom

$30.76

0.04 (0.13%)

VIA

Viacom

$35.56

0.1 (0.28%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

  • 24

    Jul

  • 25

    Jul

  • 08

    Aug

  • 08

    Aug

AMZN

Amazon.com

$1,910.42

-6.78 (-0.35%)

17:42
06/23/19
06/23
17:42
06/23/19
17:42
Periodicals
Amazon exploring drones to provide surveillance as service, Reuters says »

Amazon is exploring using…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

  • 10

    Jul

XOM

Exxon Mobil

$77.68

1.06 (1.38%)

17:38
06/23/19
06/23
17:38
06/23/19
17:38
Periodicals
Exxon Mobil considering selling Norwegian offshore assets, Reuters says »

Exxon Mobil is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DDAIF

Daimler AG

$0.00

(0.00%)

17:36
06/23/19
06/23
17:36
06/23/19
17:36
Periodicals
Daimler recalling 60,000 Mercedes diesels over emissions, Reuters reports »

Daimler must recall…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jun

FCAU

Fiat Chrysler

$13.91

-0.08 (-0.57%)

, RNLSY

Renault

$0.00

(0.00%)

17:32
06/23/19
06/23
17:32
06/23/19
17:32
Periodicals
Fiat Chrysler, Renault hoping merger talks will restart soon, WSJ reports »

The outcome of two…

FCAU

Fiat Chrysler

$13.91

-0.08 (-0.57%)

RNLSY

Renault

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jul

DDAIF

Daimler AG

$0.00

(0.00%)

16:57
06/23/19
06/23
16:57
06/23/19
16:57
Periodicals
Daimler issues third profit warning in a year, Bloomberg reports »

Daimler AG has cut its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jun

FDX

FedEx

$165.31

-2.58 (-1.54%)

16:54
06/23/19
06/23
16:54
06/23/19
16:54
Periodicals
FedEx misses delivery of Huawei package to U.S., Reuters reports »

FedEx said an operational…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

  • 30

    Jul

  • 31

    Jul

  • 13

    Nov

SPY

SPDR S&P 500 ETF Trust

$293.99

-1.95 (-0.66%)

, SPX

S&P 500

$0.00

(0.00%)

16:51
06/23/19
06/23
16:51
06/23/19
16:51
Periodicals
U.S. may require 5G equipment for domestic use be made outside China, WSJ says »

The Trump administration…

SPY

SPDR S&P 500 ETF Trust

$293.99

-1.95 (-0.66%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

, CZR

Caesars

$9.99

-0.05 (-0.50%)

16:45
06/23/19
06/23
16:45
06/23/19
16:45
Periodicals
Eldorado Resorts clinches $18B cash, stock for Caesars, Reuters reports »

Eldorado Resorts (ERI)…

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

CZR

Caesars

$9.99

-0.05 (-0.50%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jun

RDY

Dr. Reddy's

$36.20

-0.65 (-1.76%)

15:34
06/23/19
06/23
15:34
06/23/19
15:34
Hot Stocks
Dr. Reddy's launches Vitamin K1 generic version equivalent in U.S. market »

Dr. Reddy's…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MEIP

MEI Pharma

$2.48

-0.07 (-2.75%)

14:46
06/23/19
06/23
14:46
06/23/19
14:46
Hot Stocks
MEI Pharma presents updated data from ME-401 Phase 1b study »

MEI Pharma announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ABT

Abbott

$85.04

0.07 (0.08%)

, EVTCY

Evotec

$0.00

(0.00%)

04:55
06/23/19
06/23
04:55
06/23/19
04:55
Conference/Events
American Society for Microbiology to hold a conference »

ASM Microbe 2019 will be…

ABT

Abbott

$85.04

0.07 (0.08%)

EVTCY

Evotec

$0.00

(0.00%)

WTKWY

Wolters Kluwer

$0.00

(0.00%)

TTPH

Tetraphase

$0.63

-0.02 (-3.10%)

PRTK

Paratek Pharmaceuticals

$3.77

(0.00%)

TMO

Thermo Fisher

$294.45

1.06 (0.36%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jun

  • 17

    Jul

  • 02

    Dec

MSFT

Microsoft

$136.94

0.09 (0.07%)

, EMKR

Emcore

$3.42

0.03 (0.88%)

04:55
06/23/19
06/23
04:55
06/23/19
04:55
Conference/Events
French Aerospace Industries Association to host air show »

53rd International Paris…

MSFT

Microsoft

$136.94

0.09 (0.07%)

EMKR

Emcore

$3.42

0.03 (0.88%)

NOC

Northrop Grumman

$322.24

-1.89 (-0.58%)

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$371.96

-2.94 (-0.78%)

DASTY

Dassault Systemes

$0.00

(0.00%)

CW

Curtiss-Wright

$119.44

-1.59 (-1.31%)

ERJ

Embraer

$20.05

0.22 (1.11%)

LMT

Lockheed Martin

$359.42

-3.57 (-0.98%)

UTX

United Technologies

$128.78

-1.25 (-0.96%)

RTN

Raytheon

$182.79

0.52 (0.29%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jun

  • 09

    Jul

  • 10

    Jul

  • 06

    Aug

DIS

Disney

$140.25

-1.93 (-1.36%)

, MERLY

Merlin Entertainments

$0.00

(0.00%)

07:46
06/22/19
06/22
07:46
06/22/19
07:46
Periodicals
Merlin Entertainments stock looks too cheap, Barron's says »

Shares of Merlin…

DIS

Disney

$140.25

-1.93 (-1.36%)

MERLY

Merlin Entertainments

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

BA

Boeing

$371.96

-2.94 (-0.78%)

, EADSY

Airbus

$0.00

(0.00%)

07:42
06/22/19
06/22
07:42
06/22/19
07:42
Periodicals
Boeing passes crucial test, Barron's says »

Airbus (EADSY) and Boeing…

BA

Boeing

$371.96

-2.94 (-0.78%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Jul

FB

Facebook

$191.16

1.7 (0.90%)

07:38
06/22/19
06/22
07:38
06/22/19
07:38
Periodicals
Facebook breakup could be windfall for investors, Barron's says »

In a May opinion piece in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Jul

  • 16

    Jul

NEE

NextEra Energy

$207.69

1.28 (0.62%)

, PLD

Prologis

$81.37

-1.14 (-1.38%)

07:34
06/22/19
06/22
07:34
06/22/19
07:34
Periodicals
Chevron among dividend stocks looking good after Fed meeting, Barron's says »

With interest rates…

NEE

NextEra Energy

$207.69

1.28 (0.62%)

PLD

Prologis

$81.37

-1.14 (-1.38%)

EXC

Exelon

$50.42

0.17 (0.34%)

CVX

Chevron

$125.00

0.73 (0.59%)

XOM

Exxon Mobil

$77.68

1.06 (1.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jun

  • 25

    Jun

  • 26

    Jun

  • 27

    Jun

  • 28

    Jun

  • 16

    Jul

MAR

Marriott

$137.08

-0.22 (-0.16%)

07:32
06/22/19
06/22
07:32
06/22/19
07:32
Periodicals
Marriott stock could gain even more, Barron's says »

Since the start of this…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CLUB

Town Sports

$2.20

-0.195 (-8.14%)

, NLS

Nautilus

$2.41

0.165 (7.37%)

07:29
06/22/19
06/22
07:29
06/22/19
07:29
Periodicals
Planet Fitness, Peloton have investors 'pumped,' Barron's says »

Planet Fitness (PLNT)…

CLUB

Town Sports

$2.20

-0.195 (-8.14%)

NLS

Nautilus

$2.41

0.165 (7.37%)

PLNT

Planet Fitness

$76.00

-2.23 (-2.85%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GOOG

Alphabet

$1,122.38

9.8 (0.88%)

, GOOGL

Alphabet Class A

$1,125.17

10.03 (0.90%)

07:25
06/22/19
06/22
07:25
06/22/19
07:25
Periodicals
California's data privacy law to create new headache for tech, Barron's says »

Passed unanimously last…

GOOG

Alphabet

$1,122.38

9.8 (0.88%)

GOOGL

Alphabet Class A

$1,125.17

10.03 (0.90%)

FB

Facebook

$191.16

1.7 (0.90%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Jul

  • 10

    Jul

  • 16

    Jul

  • 25

    Jul

  • 25

    Jul

  • 27

    Oct

HUM

Humana

$270.39

11.5 (4.44%)

07:22
06/22/19
06/22
07:22
06/22/19
07:22
Periodicals
Humana stock could rise above healthcare fray, Barron's says »

Investors should look at…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jun

  • 31

    Jul

  • 13

    Nov

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.