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Morgan Stanley cuts its outlook and price targets on big U.S. banks, citing economic concerns in...

Morgan Stanley cuts its outlook and price targets on big U.S. banks, citing economic concerns in the U.S. and Europe. Most notably, it cuts Citigroup (C +5.8%) to Equal Weight from Overweight and trims its price target to $30 from $45. Cut to Underweight: STT +1.7%, BK +1.4%, NTRS +1.4%. But for today at least, bank stocks (XLF +3%) are rallying.
Comments (2)
  • Curious timing for the revision by MS. Maybe sometime later in the week, when the euphoria ebbs, the market will reflect these concerns.
    28 Nov 2011, 12:44 PM Reply Like
  • waddabout ms itself?
    28 Nov 2011, 03:34 PM Reply Like
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