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Goldman downgrades Morgan Stanley

Discussion in 'Forex Daily News & Outlook' started by godoftrading, Jul 30, 2009.

  1. godoftrading

    godoftrading New Member

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    NEW YORK (MarketWatch) -- Shares of Morgan Stanley fell about 1.5% Wednesday after analysts at Goldman Sachs trimmed their rating on the stock to neutral from buy.

    GS cautioned on MS trading and wealth-management businesses, but did say that several ongoing programs at Morgan Stanley are likely to create shareholder value.

    Goldman lowered Morgan's price target to $32 a share from $34. Morgan Stanley was lately trading at $27.01.

    http://www.marketwatch.com/story/downgrade-clips-morgan-stanley-as-financials-fall-2009-07-29-10300
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