Published on: April 18, 2019 |
By: Todd Mitchell
Citi downgraded Morgan Stanley to neutral from buy on Thursday, saying the stock is “fairly valued.” Morgan Stanley posted better-than-expected first-quarter results Wednesday thanks to the growth in wealth management and fixed-income trading, sending its shares 2.6% higher. Citi thinks that after the earnings boost, Morgan Stanley’s stock is in line with its target....
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