Market Overview

Banks Flat Despite Morgan Stanley Downgrade

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Analysts at JP Morgan downgraded shares of Morgan Stanley (NYSE: MS) to Neutral with a $34 price target.

Following the downgrade, shares of Morgan Stanley slipped about 1 percent to $34.53.

Despite the downgrade, other large financial stocks were little changed:

  • SPDR ETF (NYSE: XLF) - Unchanged
  • Goldman Sachs (NYSE: GS) +0.46 percent
  • JPMorgan Chase & Co. (NYSE: JPM) +0.53 percent
  • Bank of America (NYSE: BAC) -0.32 percent
  • Wells Fargo Co. (NYSE: WFC) -0.06 percent
  • Citigroup Inc (NYSE: C) -0.15 percent

Latest Ratings for MS

DateFirmActionFromTo
Jan 2018Atlantic EquitiesUpgradesNeutralOverweight
Dec 2017Keefe Bruyette & WoodsUpgradesMarket PerformOutperform
Oct 2017BarclaysMaintainsEqual-Weight

View More Analyst Ratings for MS
View the Latest Analyst Ratings

Posted-In: JP MorganDowngrades Price Target Analyst Ratings

 

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