Morgan Stanley Lowered Internet Sector View, Warning on Possible Pullbacks
November 11, 2013 at 10:10 AM EST
In a report published Monday, Morgan Stanley analyst Scott Devitt lowered the Internet industry sector view to In-Line. Devitt noted that the Outperformance of this sector was driven by multiple expansion over positive estimate revisions. Morgan Stanley commented "We believe that growth needs to accelerate to justify recent performance,