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Author Topic: Goldman downgrades Morgan Stanley  (Read 624 times)

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godoftrading

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Goldman downgrades Morgan Stanley
« on: July 30, 2009, 11:42:19 AM »
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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