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Marketwatch

Dow 10023.42 +17.46 4:30pm
Nasdaq 2112.44 +7.12 5:30pm
S&P 500 1069.30 +2.67 4:59pm
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Stock Rating System

Third-Party Independent Research

Morgan Stanley Smith Barney, through the Citigroup Investment Research division, provides clients with fundamental equity research coverage on hundreds of U.S. companies. These research insights, we believe, offer valuable guidance to all our investing clients. In addition to Citigroup Investment Research and Morgan Stanley Investment Research coverage, we provide our clients third-party independent research on those same companies.

Citigroup Investment Research provides clients with fundamental equity research coverage on hundreds of U.S. companies. These research insights, we believe, offer valuable guidance to all our investing clients. In addition to Citigroup Investment Research coverage, we provide our clients third-party independent research on those same companies.

Our Third-Party Independent Research Provider is Standard & Poor's.

Points of view may differ from those of our Analysts

Third-party independent research providers may have differing analyses and opinions from those of Citigroup or Morgan Stanley. That's why it's important you speak with your Financial Advisor about these points of view and weigh carefully all available information before making any investment decision.

Third-party independent research providers may have differing analyses and opinions from those of Citigroup. That's why it's important you speak with your advisor about these points of view and weigh carefully all available information before making any investment decision.

Providers' ratings scales vary

To reduce confusion that may result from multiple ratings systems, third-party independent research providers have agreed to display a Buy (1), Hold (2), or Sell (3) rating (comparable to the rating scale used by Citigroup Investment Research). This rating will be in addition to their proprietary ratings that they will continue to display on their research reports. However, on this Web site, ratings of Citigroup Investment Research and third-party independent research providers will be displayed using the comparable scale.

For more information, please contact your Financial Advisor.

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