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

. 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.