Morgan Stanley Reduces Estimates on Loews Corporation Ahead of 1Q14 Report

In a report published Friday, Morgan Stanley analyst David J. Adelman reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “We remain Equal-weight on Loews shares, but reduce our 2014 estimates. Our EPS reduction is driven principally by weaker forecasted operating profit at Boardwalk Pipeline (BWP), Diamond Offshore (DO) and HighMount, offset slightly by an improved outlook at CNA Financial (CNA).” Loews Corporation closed on Thursday at $44.38.