|Bid||41.620 x 800|
|Ask||41.630 x 1400|
|Day's Range||40.81 - 41.76|
|52 Week Range||39.56 - 59.38|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||9.97|
|Earnings Date||Jan 16, 2019 - Jan 21, 2019|
|Forward Dividend & Yield||1.20 (2.90%)|
|1y Target Est||58.29|
Uber has reportedly picked Morgan Stanley to lead its upcoming initial public offering, news of which became public last week when the ride-hailing giant filed confidentially with the U.S. Securities and Exchange Commission for an IPO expected in the first quarter of 2019. News of Uber's choice, first reported by Bloomberg, comes after a months-long bidding war, of sorts, between Morgan Stanley and Goldman Sachs. The pair of investment banks presented IPO plans to Uber this fall, in hopes of landing the top underwriting spot in what will be one of the largest stock market debuts to date.
Keefe, Bruyette & Woods, a Stifel Financial Corp. (SF) investment banking company, took action on large U.S. banks on Tuesday. Keefe, Bruyette & Woods analyst Brian Kleinhanzl has downgraded Morgan Stanley (MS) from outperform to market perform. The new price target of Keefe, Bruyette & Woods reflected a nearly 11% upside from the share price of $40.62 at close Tuesday.
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 11 Dec 2018. New York, December 11, 2018-- ASSIGNMENTS:.
The so-called core consumer price index, which excludes volatile food and energy costs, rose 0.2 percent from the prior month and 2.2 percent from a year earlier, according to a Labor Department report Wednesday. The broader CPI was unchanged from the prior month, also in line with projections, as energy prices plunged. The report indicates underlying inflation is steadying around the Fed’s 2 percent goal, without flaring up, as prices get support from the recent pickup in wages as well as higher materials costs amid the tariff war with China.
Morgan Stanley Investment Management today announced it has raised over $1.4 billion for North Haven Tactical Value Fund LP and its related funds , significantly exceeding its original fundraising target.
The fund was created to meet demand for private investments in the Volcker Rule era, said David Miller, head of private credit and equity at Morgan Stanley Investment Management. As much of two-thirds of the fund’s investments could come from within the bank’s capital-markets division, its wealth manager and asset manager.
Tencent Music Entertainment Group's initial public offering (IPO) priced at $13 per American depositary share Tuesday afternoon, but shares surged to $14.10 after they began trading on the New York Stock Exchange. According to The Wall Street Journal, $13 is considered the bottom end of the expected range, which makes the offering at about $1.1 billion for the company and its selling shareholders. The IPO comes as trade-related tensions between the U.S. and China escalate.
Sharper-than-expected hits from Federal Reserve tightening and China’s deleveraging campaign, along with the blow to sentiment from trade tensions, sent spreads surging 109 basis points to the highest in about three years. “Rising U.S. rates, weakness in the RMB versus the dollar, EM concerns spilling over and trade war tensions all contributed to this shift in investor sentiment” for Asian high-yield bonds, Goldman Sachs Group Inc. strategists including Kenneth Ho wrote in their 2019 outlook. Asia’s investment-grade bonds handed investors a 1.4 percent loss since the start of the year.
The Wall Street bank was selected by Uber to lead its public offering next year. What probably gave Morgan Stanley the edge was that it helped the company sell its first high-yield bonds and loans -- and at no small risk to itself. Morgan Stanley led the bank group that arranged Uber’s first foray into junk debt markets in 2016.
, sold its majority stake in Hojeij Branded Foods Inc., an airport food-and-beverage concessionaire, to Lagardère Travel Retail for $330 million. Morgan Stanley Capital acquired a majority stake in Hojeij in 2015 in a transaction that valued the company at $155 million, according to a press release. Morgan Stanley’s private-equity platform said during its investment period, Hojeij expanded into new airports and geographies, more than doubled its earnings before interest, tax, depreciation and amortization and acquired Vino Volo, a wine bar operator.
It’s another big win for Morgan Stanley banker Michael Grimes, who has become the go-to adviser for many of Silicon Valley’s largest IPOs. Goldman Sachs Group is also expected to play a role in shepherding Uber through the IPO process, according to the people, who asked not to be identified because the decision hasn’t been made public. Morgan Stanley declined to comment.