Morgan Stanley Maintains Equal-Weight on The Corporate Executive Board (EXBD)

Morgan Stanley is out with its report today on The Corporate Executive Board EXBD, maintaining Equal-weight after EXBD's investor day this past Friday. In a note to clients, Morgan Stanley writes, "The Corporate Executive Board hosted its 2011 institutional investor day at the New York Stock Exchange on Friday. Management discussed its corporate strategy and main opportunities for growth. We find EXBD's business model attractive, with ~90% subscription revenue providing significant visibility on the top line." Shares of EXBD closed Friday at $37.86, up 3.73% from Thursday's close.