I wonder why the company is paying Morgan Stanley for investment banking services? Or was it (from memory) that Morgan Stanley were going to be submitting a claim for compensation to the company for the provision of investment banking services. Maybe the company refused to entertain that claim, and that is why MS have cut their price target. I don't trust MS at all and I previously queried on this forum why the company would be using them. I think it might have been Tutor who replied that there is only a small pool of investment banks that offer the kind of services you might need from time to time and that sometimes you just have to deal with them even though they might be shorting you at the same time or putting out bad analysis about you.
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