Morgan Stanley's Equalweight Rating on Futu Holdings Following Bank Stake Purchase
Tuesday, 11 June 2024, 15:02
Morgan Stanley Maintains Equalweight Rating on Futu Holdings
In a recent development, Morgan Stanley has chosen to maintain its Equalweight rating on Futu Holdings following the acquisition of a stake in the company. This decision reflects the firm's continued confidence in the financial prospects of Futu Holdings.
Bank Stake Acquisition
- Morgan Stanley's decision to keep the Equalweight rating comes after a notable acquisition of a stake in Futu Holdings
The strategic move is indicative of Morgan Stanley's positive outlook on the future growth of Futu Holdings and its market performance
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.