stock rating

Morgan Stanley's stock took a hit on Wednesday as UBS analyst Brennan Hawken downgraded the megabank's rating from buy to neutral. In addition to the rating cut, Hawken also lowered his target price for Morgan Stanley shares from $110 to $84. This adjustment reflects his belief that the stock is currently fairly priced. Moreover, Hawken reduced his earnings estimate for Morgan … [Read more...] about Morgan Stanley’s Stock Rating Cut by UBS Analyst