Morgan Stanley shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley shares declined following a downgrade by Goldman Sachs from Buy to Neutral.
September 10, 2024 | 8:18 pm
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NEGATIVE IMPACT
Morgan Stanley's stock was downgraded by Goldman Sachs from Buy to Neutral, leading to a decline in its share price.
The downgrade by a major financial institution like Goldman Sachs is likely to influence investor sentiment negatively, leading to a short-term decline in Morgan Stanley's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100