Morgan Stanley Ups Rolls-Royce, Safran

Analysts at Morgan Stanley upgraded Rolls-Royce Group Plc. RYCEY and Safran SA SAFRY. Morgan Stanley upgraded RYCEY from “equal weight” to “overweight.” The broker said, “We believe Rolls will materially benefit from the need for developed markets to replace ageing aircraft." Morgan Stanley also upgraded SAFRY from “underweight” to “equal weight” to reflect the latest improvements in communication, business practice and execution. Morgan Stanley said, "However, we wait to turn buyers as we are concerned that very high consensus expectations provide potential for disappointment." RYCEY shares gained 0.78% to close at $46.80 yesterday. More Analyst Ratings here