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

27% profit every 20 days?

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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.

27% profit every 20 days?

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