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Shares of Puerto Rico's largest bank fell on Thursday afterMorgan Stanley downgraded the company's stock to "underweight"from "equal weight", citing a weakening Puerto Rican economy.Morgan Stanley analysts led by Ken Zerbe also cut their pricetarget on the stock to $25 from $32.
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Shares of Puerto Rico's largest bank fell on Thursday afterMorgan Stanley downgraded the company's stock to "underweight"from "equal weight", citing a weakening Puerto Rican economy.Morgan Stanley analysts led by Ken Zerbe also cut their pricetarget on the stock to $25 from $32.
Author: Mathew
Date: 5/29/2019