NEW YORK (TheStreet) -- Morgan Stanley (MS) shares closed intraday trading down 2.99% to $36.28, after analysts at Buckingham Research lowered its rating on the financial services company to "neutral" from "buy."
The firm also set the company's price target at $38, representing a potential 4.7% upside from the stock's closing price today.
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Morgan Stanley's stock has outperformed the S&P 500 Index over the past 52 weeks, gaining 20.30% over that time period while the S&P has risen 14.65%.
Separately, the company was fined $4 million by the Securities and Exchange Commission for violating market access rules and failing to enforce restrictions that would have prevented the unauthorized purchase of Apple (AAPL) shares by one of the bank's customer trading firms.
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 find that the company's profit margins have been poor overall."