2012.05.24 10:11:26 MARKET TALK: Morgan Stanley Stays Long PLN/HUF

0811 GMT [Dow Jones] Morgan Stanley stays long PLN/HUF as it expects PLN will outperform HUF given the support the Polish currency is receiving as a result of official intervention to mitigate PLN weakness over the past few days. PLN/HUF is at 68.86, Morgan Stanley is targeting 71. Expects official intervention also in the future, primarily from the Ministry of Finance, which is the primary rationale for MS's overweight recommendation in PLN. Also expects to see further outperformance versus the HUF.(veronika.gulyas@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires May 24, 2012 04:11 ET (08:11 GMT)