MORGAN STANLEY: Bad news is coming for these 3 stocks
In anticipation of this, Morgan Stanley released a note that highlighted 12 companies whose stocks were likely to move on news.
"Our analysts believe that one or more imminent events will drive the share price materially over the next 15-60 days," Morgan Stanley analysts said in their report. "In many cases, this potential catalyst is a [Q2] earnings release where our analyst's forecast differs materially from the consensus."
Their list included three stocks they think could fall on news.
We list the three below with their stock price as of close on Friday, the bull case price scenario, the base case price scenario, and the bear case price scenario.