Morgan Stanley Removes TYC From Best Ideas List

Morgan Stanley has issued a report in which it removes Tyco International Ltd. TYC from the Morgan Stanley Best Ideas List. According to Morgan Stanley, "TYC is being removed from the MS Best Ideas List in conjunction with the addition to the list of HON. TYC has been on the Best Ideas List since August 2010. We still view TYC as one of our top picks in the industrials space and think shares of TYC are still attractively valued. We remain Overweight with a price target of $52. However, we find HON a bit more attractive here with more near term operating catalysts." TYC closed at $44.79 on Friday.