By: Benzinga
UPDATE: Morgan Stanley Upgrades Nomura to Overweight on Priced-in Secondary Market Moves
Morgan Stanley Analyst Hideyasu Ban upgraded Nomura (NYSE: NMR ) from Equal-weight to Overweight on expected primary flow increases. In the report, Ban stated "Nomura has been a relative laggard in share price performance since Jan reporting. Daiwa has led the rise on high earnings sensitivity to changes in secondary
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