NEW YORK (TheStreet) -- Morgan Stanley (MS) shares were downgraded to "neutral" from "outperform" by analysts at Macquarie (MIC) on Friday, who removed the financial institution from its "marquee" stock list.
The firm made a valuation call on the company's current stock price, concluding that the stock has reached peak value and is unlikely to achieve a higher upside in the short term.
Morgan Stanley shares closed trading up 0.4% to $34.70 on Thursday and remain flat in pre-market trading today.
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TheStreet Ratings team rates MORGAN STANLEY as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MORGAN STANLEY (MS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: