Market Overview

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

Related UTIW
US Stock Futures Slip; All Eyes On Jobs Report
7 Must Watch Stocks for Today

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

Apr 2015RBC CapitalDowngradesOutperformSector Perform
Apr 2015BairdMaintainsNeutral
Apr 2015Stephens & Co.MaintainsOverweight

View More Analyst Ratings for UTIW
View the Latest Analyst Ratings

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


Related Articles (UTIW)

Get Benzinga's Newsletters