UPDATE: Morgan Stanley Upgrades Brocade Communications Systems as Cloud Adoption Drives Rating Changes

In a report published Wednesday, Morgan Stanley analyst Katy L. Huberty upgraded the rating on Brocade Communications Systems (NASDAQ: BRCD ) from Underweight to Equal-Weight. In the report, Morgan Stanley noted, “We move to a Cautious view of our group as cloud computing adoption accelerates faster than expected. We downgrade