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Shares of

American Capital Strategies

(ACAS)

advanced after the Bethesda, Md., investment company was upgraded by AG Edwards to buy from hold. American Capital Strategies gained 90 cents, or 2.6%, to $35.57 in recent trading.

Morgan Stanley

(MS) - Get Morgan Stanley Report

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rose slightly after the New York financial services company said it signed an agreement to sell its aircraft leasing business to Terra Firma, a private equity group with offices in London and Frankfurt, for $2.5 billion. Shares of Morgan Stanley added about 7 cents to $60.85 in recent trading.

Shares of

Town & Country Trust

( TCT), a Baltimore real estate investment trust, were higher by nearly 7% on news that Oriole Partnership LLC, a joint venture investment vehicle, proposed a rival bid to acquire the company for $36 a share. Last month, the company agreed to be acquired for $1.3 billion by a joint venture that included affiliates of Morgan Stanley Real Estate and Onex Real Estate. Town & Country Trust gained about $2.25 to $36.47 in recent trading.

Capitol Bancorp

( CBC) rose after the Lansing, Mich., bank holding company was upgraded by Sandler O'Neill to buy from hold. Shares of Capital Bancorp advanced $1.21, or 2.9%, to $42.81 in recent trading.