ISI Group Comments on Morgan Stanley Settlement

ISI Group provided color on Morgan Stanley's (NYSE: MS) settlement agreement with MBIA (NYSE: MBI) in a research report published today. ISI Group has a Hold rating and $18 price target on Morgan Stanley.

In the report, ISI Group states, "Overall, we regard the settlement as a long-term positive for the stock."

Shares of Morgan Stanley were trading at $15.78 at the time of posting, up 2.60% from Monday's market close.