Rochester, NY 7/14/2009 10:57:59 PM
MS - Morgan Stanley Analyst Upgrades to Overweight, Downgrades Citi (C) to Market Weight
Morgan Stanley MS
Morgan Stanley MS
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An analyst at boutique firm CreditSights is out with what seems to be a pair trade this morning, downgrading shares of Citi while at the same time upgrading shares of Morgan Stanley. The firm moved its rating on Citi from Overweight to Market Weight and its rating on Morgan Stanley from Market Weight to Overweight. Traders are not following the recommendation today, however, as shares of Citi are currently up while shares of Morgan Stanely are strangely down. Citigroup is currently up 4% to $2.88 and Morgan Stanley is down 1.3% to $27.52.
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