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
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
