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
Oct 2020B of A SecuritiesMaintainsBuy
Oct 2020Credit SuisseMaintainsOutperform
Jul 2020CitigroupMaintainsBuy

View More Analyst Ratings for MS
View the Latest Analyst Ratings

 

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Posted-In: JP MorganDowngrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
DISCitigroupMaintains175.0
AYLANoble Capital MarketsInitiates Coverage On29.0
SHOPSusquehannaInitiates Coverage On950.0
SICraig-HallumInitiates Coverage On50.0
WORKStephens & Co.Downgrades
View the Latest Analytics Ratings
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