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Goldman downgrades Morgan Stanley

Discussion in 'Market Predictions and Reports' started by godoftrading, Jul 30, 2009.

  1. godoftrading

    godoftrading Private, 1st Class

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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.

    MarketWatch.com Story
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