The company has indicated that additional capital is unlikely and its liquidity position has improved in April. End-of-lease sales volumes are recovering quickly, Morgan Stanley notes.

Equal-weight rating. Industry view is In-Line. Target is $1.10.

Sector: Diversified Financials.

Target price is $1.10.Current Price is $1.08. Difference: $0.02 - (brackets indicate current price is over target). If ECX meets the Morgan Stanley target it will return approximately 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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