March 26 (Reuters) - FBR Capital Markets:
* Fbr capital markets starts Morgan Stanley with market perform; $25
price target
* Fbr capital markets says does not expect significant near-term benefits from
Morgan stanley's joint venture with smith barney
* Fbr capital markets says expects the joint venture to pay long-term dividends
* Fbr capital markets says sees co to benefit from improved market share due to
disruptions at competitors
* Fbr capital markets says sees little potential for return on equity expansion
much beyond 10 percent
* Fbr capital markets says believes liquidity fears have largely subsided for
the time being
* Fbr capital markets says does not expect Morgan stanley's shares to return to
valuation levels of late 2008, given ample access to liquidity
* Fbr capital markets says believes write-downs may continue for Morgan Stanley
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Fbr capital markets starts Morgan Stanley with market perform; $25
price target
* Fbr capital markets says does not expect significant near-term benefits from
Morgan stanley's joint venture with smith barney
* Fbr capital markets says expects the joint venture to pay long-term dividends
* Fbr capital markets says sees co to benefit from improved market share due to
disruptions at competitors
* Fbr capital markets says sees little potential for return on equity expansion
much beyond 10 percent
* Fbr capital markets says believes liquidity fears have largely subsided for
the time being
* Fbr capital markets says does not expect Morgan stanley's shares to return to
valuation levels of late 2008, given ample access to liquidity
* Fbr capital markets says believes write-downs may continue for Morgan Stanley
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.