Core Viewpoint - Morgan Stanley upgraded Nasdaq (NDAQ) to Overweight from Equal-Weight due to both cyclical and secular tailwinds that are expected to drive accelerated revenue growth [4] Group 1: Company Upgrades and Downgrades - Nasdaq (NDAQ) was upgraded to Overweight from Equal-Weight by Morgan Stanley [4] - MarketAxess Holdings (MKTX) was downgraded to Equal-Weight from Overweight by Morgan Stanley [4]