Morgan Stanley Now Rated an “Outperform” at FBR Capital (MS)

Filed in dividend, Gold, Gold Investing, shares by on May 13, 2010 0 Comments

Financial services giant Morgan Stanley ( MS ) saw its rating and price target boosted on Thursday by analysts at FBR Capital Markets. The firm raised its rating on MS to “Outperform” from “Market Perform,” and set a $35 price target on the stock, which had closed at $27.80 on Wednesday. FBR Capital said that “…[Morgan Stanley’s] valuation offers an attractive entry point for a company that is in the midst of transitioning into what we xpect will be a more stable, retail-oriented business model… we expect Morgan Stanley to benefit from market share gains as recent hires begin to have a greater impact on revenue throughout the year…. pending regulatory environment as having the potential to be fairly onerous on the industry, on a relative basis, MS should be better positioned than more institutionally focused peers.” Morgan Stanley shares rose 40 cents, or +1.4%, in premarket trading Thursday. The Bottom Line We had removed shares of MS last Oct.1, when the stock was trading at $30.88. Shares of MS have a dividend yield of .72%, based on last night’s closing stock price of $27.80. The stock has technical support in the $25-$26 price area. If the shares can firm up, we see overhead resistance around the $32 price level. We would remain on the sidelines for now. Morgan Stanley ( MS ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Morgan Stanley Now Rated an “Outperform” at FBR Capital (MS)

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