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Morgan Stanley: stock underperformed. Is it good to buy?

UBS analysts lower Morgan Stanley price target by 1 dollar to 38 dollar and also lowered the company’s earnings forecast for 2014 to 2.35 a share. However, after all the cut, stock still looks quite appealing.

The company did not reported good earning and the share suffered since but the analysts still believe that the fundamental is still strong for the company and that certainly the reward is more than risks.