Morgan recommends shorting Citi stock
Morgan analyst Betsy Graseck warned that Citigroup's new CEO, Vikram Pandit, a former Morgan Stanley president, will likely slash Citi’s dividend nearly in half.
A day after Vikram Pandit was named chief executive of Citigroup, his former employer gave him a sharp slap in the face: Morgan Stanley labeled Citi as its “top short idea” for 2008, according to Crain's New York Business.
In a report to clients, Morgan Stanley analyst Betsy Graseck war
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