Morgan Stanley Initiates Coverage On Specialty Retailers

In Tuesday's morning issue, Morgan Stanley initiated coverage on a number of retailers.
Overweight

• Wal-Mart Stores WMT; $87 price target summary
• Costco Wholesale COST, $134 PT summary
• Advance Auto Parts AAP, $150 PT summary

Equal-weight

• Lowe's Companies LOW, $50 PT summary
• The Home Depot HD, $90 PT summary
• Dick's Sporting Goods DKS, $50 PT

Underweight

• Staples SPLS, $11 PT summary