BofA cuts Morgan Stanley PT citing seasonal challenges

BofA Global Research cuts PT on major U.S. lender Morgan Stanley MS.N to $144 from $150

Says co's revenue through wealth management fees to be hit by less commissions tracking fewer trading days

Recent severance announcement to impact reported expense - brokerage

Last month, Reuters reported, citing a person familiar with the matter, that the Wall Street heavyweight was planning to lay off about 2,000 employees later in March

7 of 23 brokerages rate stock "buy" or higher, and 16 "hold"; median PT is $141 - LSEG data

As of last close, MS stock down 8% YTD compared to a 4.2% decline in the S&P 500 .SPX