UPDATE: Morgan Stanley Upgrades Warner Chilcott to Equal-Weight on Possible ACT Deal

In a report published Monday, Morgan Stanley analyst David Risinger upgraded the rating on Warner Chilcott PLC (NASDAQ: WCRX ) from Underweight to Equal-Weight. In the report, Risinger noted, “We think ACT could theoretically acquire WCRX for $19 per share in an all-cash transaction (base case). Acquisition could happen at