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Morgan Stanley Still Sees Reasons For Optimism About UTi Worldwide Inc.

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In a report published Friday, Morgan Stanley analyst William J. Greene reiterated an Equal-Weight rating on UTi Worldwide Inc. (NASDAQ: UTIW).

In the report, Morgan Stanley noted, “F2Q results miss, but reasons for optimism exist. UTIW F2Q earnings fell below MSe and consensus expectations, but we believe shares outperformed yesterday (up 16%) due to significant relative underperformance vs. other transports YTD and a few aspects of 2Q earnings and mgmt commentary which may have given investors some reasons for incremental optimism.”

UTi Worldwide closed on Thursday at $10.53.

Latest Ratings for UTIW

DateFirmActionFromTo
Dec 2014Stifel NicolausDowngradesBuyHold
Apr 2014Wolfe ResearchUpgradesUnderperform
Mar 2014Stifel NicolausMaintainsBuy

View More Analyst Ratings for UTIW
View the Latest Analyst Ratings

Posted-In: Morgan Stanley William J. GreeneAnalyst Color Reiteration Analyst Ratings

 

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