The Latest Breaking News from Morgan Stanley

Morgan Stanley's (NYSE:MS) short percent of float has risen 8.22% since its last report. The company recently reported that it has 21.60 million shares sold short, which is 1.58% of all regular shares that are available for trading.

These are gut-wrenching days if you're an investor in stocks or bonds. But things could be worse:

Upgrades

Morgan Stanley analyst Simeon Gutman upgraded AutoZone Inc (NYSE:AZO) to Overweight from Equal Weight and raised the price target to $2,420 from $2,125, suggesting an upside of 20.16%. The analyst said the stock has an attractive 3:1 bull/bear skew. Simeon is confident of AutoZone’s continuation of sales and earnings growth. The analyst said he favors…

Morgan Stanley raised Dollar General Corporation (NYSE: DG) price target from $225 to $250. Dollar General shares fell 1.1% to $229.78 in pre-market trading.

Morgan Stanley has decided to maintain its Overweight rating of Align Tech (NASDAQ:ALGN) and lower its price target from $524.00 to $479.00. Shares of Align Tech are trading up 1.65% over the last 24 hours, at $242.02 per share.

Morgan Stanley (NYSE:MS) has outperformed the market over the past 10 years by 7.51% on an annualized basis producing an average annual return of 18.31%. Currently, Morgan Stanley has a market capitalization of $134.03 billion.

Jefferies raised Tapestry, Inc. (NYSE: TPR) price target from $30 to $45. Tapestry shares rose 2.2% to close at $31.60 on Tuesday.

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