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INX:MS, Jan 19, 03:00 UTC

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Morgan Stanley Downgrades Inphi (IPHI) to Equal Weight – Week Herald

MS

Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Inphi in a research report on Tuesday, November 14th. BidaskClub raised Inphi from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Principal Financial Group Inc. now owns 37,671 shares of the semiconductor company’s stock valued at $1,292,000 after buying an additional 12,246 shares in the last quarter. Legal & General Group Plc now owns 17,165 shares of the semiconductor company’s stock valued at $589,000 after buying an additional 2,849 shares in the last quarter.

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Solid Q4 Numbers From Morgan Stanley are Another Step in Bigger Growth Plan

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Morgan Stanley earned 81 cents per share and generated $9.0 billion in revenue during the comparable quarter of 2016. The company’s hot and cold spots weren’t surprising. After backing out the one-time tax hit of $990 million related to new corporate tax rules recently put in place, Morgan Stanley actually earned $1.68 billion, for a profit of 84 cents per share of MS stock. One of the key milestones, by the way, was driving the expense ratio to less than 74% for all of 2017. In 2013, Morgan Stanley embarked on a major effort to cull expenses and tighten its operations. And while the recent tax overhaul cost the investment bank nearly a billion dollars last year, the same tax code is also expected to lower Morgan Stanley’s effective tax rate from 2017’s 31% to a rate of between 22% and 25% for this year.

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Yesterday


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Comcast (CMCSA) Price Target Raised to $50.00

MS CMCSA

Pivotal Research lifted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Barclays reduced their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter.

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Morgan Stanley Posts Fourth-Quarter Results

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Morgan Stanley (MS) was trading at $55.55 per share on Thursday, up 0.27% after the bank reported net revenues of $9.5 billion for the quarter, compared to $9 billion for the same period a year ago. If you excluded the charge, Morgan Stanley's net income was $1.7 billion, or 84 cents a share, compared to $1.5 billion, or 74 cents a share, for the same period a year ago, according to its earnings report. The impact from the tax provision showed 5.7% return on equity for the fourth quarter and 1.3% ROE for 2017, according to the bank's financial overview. Bank stocks are expected to gain strength in 2018 as the financial giants and other corporations see significant drops in their effective tax rates.

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Bayerische Motoren Werke (ETR:BMW) Given a €81.00 Price Target at Morgan Stanley – Week Herald

MS BMW

Kepler Capital Markets set a €33.50 ($39.88) price target on shares of Delivery Hero and gave the company a buy rating in a report on Wednesday, September 27th. Goldman Sachs Group set a €32.00 ($38.10) price target on shares of Delivery Hero and gave the company a buy rating in a report on Wednesday, September 27th. set a €54.00 ($64.29) target price on shares of Delivery Hero and gave the stock a buy rating in a research report on Thursday, November 30th. Finally, Citigroup set a €44.90 ($53.45) target price on shares of Delivery Hero and gave the stock a buy rating in a research report on Wednesday, November 29th.

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Morgan Stanley Reports Q4 Earnings Beat

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During the fourth quarter of 2017, Morgan Stanley reported earnings per share of 84 cents. Net income reported by Morgan Stanley for the fourth quarter of the year came in at $686 million. For the full year of 2017, Morgan Stanley reported earnings per share of $3.60 on revenue of $37.95 billion. Morgan Stanley reported revenue of $9.50 billion for the fourth quarter of 2017. This is up from its revenue of $9.02 billion from the same period of the year prior.

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Morgan Stanley tops estimates on underwriting, wealth management

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Jan 18 (Reuters) - Morgan Stanley's adjusted quarterly profit topped Wall Street estimates on Thursday as strength in underwriting and wealth management offset a sharp but expected decline in bond trading revenue. Gorman has for years been shifting Morgan Stanley away from risky, volatile businesses that crippled the bank during the 2007-2009 financial crisis, and expanding areas that generate consistent fees, like investment banking and wealth management. And while Morgan Stanley's bond trading revenue plunged 45 percent in the quarter, the business still delivered more than $1 billion in average quarterly revenue for the full year. The bank expects a 22 percent to 25 percent tax rate this year, down from 31 percent last year.

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Mid-Morning Market Update: Markets Edge Lower; Morgan Stanley Beats Q4 Estimates

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GNC Holdings Inc (NYSE: GNC ) shares were also up, gaining 45 percent to $5.04 after the company issued a strong earnings forecast for the fourth quarter. Shares of Paratek Pharmaceuticals Inc (NASDAQ: PRTK ) were down 9 percent to $16.09. Paratek reported a common stock public offering of $50 million. However, economists were expecting claims to reach 250,000 last week. The EIA's weekly report on petroleum inventories will be released at 11:00 a.

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Morgan Stanley's Brokers Push Its Profits Higher -- 2nd Update

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Morgan Stanley said its fourth-quarter profit rose 14%, excluding a tax charge, as its retail brokers and investment bankers compensated for lower trading revenue. Including the tax charge, which was lower than Morgan Stanley had indicated, the firm earned $686 million, or 29 cents per share. Morgan Stanley's wealth management business gets a growing chunk of its revenue from steady fees. Assets in accounts on which Morgan Stanley earns management fees hit $1.05 trillion, a record percentage of total client assets.

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Morning Movers: Morgan Stanley, Walmart Climb; Alcoa Sinks

MS AA +1 more MS AA WMT

Alcoa ( AA ) is down 8.6% after its fourth-quarter earnings and revenues missed expectations. La Quinta ( LQ ) is up 11.1% on news that Wyndham Worldwide ( WYN ) will acquire the hotel chain for $1.95 billion in cash. Flir Systems (FLR) is up 1.5% after Credit Suisse upgraded it to Outperform. Cognizant Technology (CTSH) is up 1% after Citigroup upgraded it to Buy.

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