Morgan Stanley Still Sees Reasons For Optimism About UTi Worldwide Inc.
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
|Oct 2015||FBR Capital||Downgrades||Outperform||Market Perform|
|Oct 2015||Stephens & Co.||Downgrades||Overweight||Equal-weight|
|Sep 2015||RBC Capital||Maintains||Sector Perform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.