BUZZ-BofA cuts <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> PT citing seasonal challenges** BofA Global Research cuts PT on major U.S. lender Morgan Stanley MS.N to $144 from $150
** Says co's revenue through wealth management fees to be hit by less commissions tracking fewer trading days
** Recent severance announcement to impact reported expense - brokerage
** Last month, Reuters reported, citing a person familiar with the matter, that the Wall Street heavyweight was planning to lay off about 2,000 employees later in March
** 7 of 23 brokerages rate stock "buy" or higher, and 16 "hold"; median PT is $141 - LSEG data
** As of last close, MS stock down 8% YTD compared to a 4.2% decline in the S&P 500 .SPX
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com; ))
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