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Morgan Stanley downgrades ADT rating

April 5, 2013SSN Staff

BOCA RATON, Fla.—A report published this week by Morgan Stanley analyst Nigel Coe downgraded the rating on The ADT Corp. from equal-weight to underweight, citing a lack of “residual upside,” according to an article from Benzinga.com, a market-watch website. In the April 3 report, the price target was lowered from $50 to $48. “Our price target falls by $2 to $48, driven by slightly more conservative longer-term Pulse adoption rate and attrition forecasts, in light of our most...

ADT, Benzinga, Morgan Stanley, Nigel Coe

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