• Return to Headlines

Upgrade Alert for Morgan Stanley (MS)

By David Diaz

Morgan Stanley (NYSE:MS) was upgraded from Neutral to Buy at Guggenheim today. The stock closed yesterday at $32.90 on volume of 10.6 million shares, below average daily volume of 15.4 million.

Morgan Stanley has overhead space with shares priced $32.90, or 14.2% below the average consensus analyst price target of $38.34. The stock should discover initial support at its 200-day moving average (MA) of $30.57 and subsequent support at its 50-day MA of $25.74.

In the past 52 weeks, Morgan Stanley share prices have been bracketed by a low of $21.16 and a high of $41.04 and closed yesterday at $32.90, 55% above that low price. The 200-day and 50-day moving averages have moved 0.87% lower and 0.83% higher over the past week, respectively.

Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.

SmarTrend recommended that subscribers consider buying shares of Morgan Stanley on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.87. Since that recommendation, shares of Morgan Stanley have risen 18.2%. We continue to monitor MS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Morgan Stanley

Ticker(s): MS