Market Titan shares gained 37% in 2019. Yet, Morgan Stanley has downgraded the stock Updated : July 08, 2019 11:38 AM IST Global brokerage firm Morgan Stanley has downgraded the firm to 'equal-weight' from 'overweight' with a target at Rs 1,300 per share. Morgan Stanley sees less room for any more positive surprises from Titan in the coming quarters. Morgan Stanley, now, recommends investors to shift to companies with high operating leverage. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.