Nomura Initiates Coverage on Morgan Stanley at Neutral
January 09, 2014 at 10:52 AM EST
In a report published Thursday, Nomura analyst Steven Chubak initiated coverage on Morgan Stanley (NYSE: MS ) at Neutral, with a $34.00 price target. According to the report, Nomura is constructive on the long-term earnings outlook, as MS should exceed margin guidance in wealth management and appears on track to