Stocks to Watch: MS, VZ, TRV & More

Take a look at some of Thursday's morning movers:

Morgan Stanley - The financial giant reported quarterly results that beat analysts' expectations .

Verizon Communications - The wireless communications company posted earnings that were in line with expectations , while revenue topped estimates. The company added it was on track to meet 2012 financial goals, while adding its capital spending for the year was expected to be lower than a year ago.

Travelers - The Dow Jones Industrial Average component posted earnings that topped expectations, while revenue fell slightly short . Travelers was able to increase rates in all business lines and also retain customers, a strong sign for the rest of the industry. The company has been a bellwether for insurers' ability to raise pricing after years of weakness.

Philip Morris - The tobacco company posted earnings that missed by a penny, while sales also fell below expectations. In addition, its full-year profit guidance was short of Street estimates.

Southwest Airlines - The airline posted earnings that beat by a penny, while revenue was slightly lighter than expected.

Nokia - The Finnish phone maker posted a smaller-than-expected loss , but warned that it expects difficult times ahead as it prepares to launch two new smartphones in an aim to regain market share from Apple and Samsung . Separately, BMO lowered its price target on Apple to $730 from $750.

Sprint Nextel will be gaining control of Clearwire without an acquisition. Earlier this week, Japan's Softbank agreed to buy approximately two-thirds of Sprint in a deal worth around $20 billion .

Bernstein and Nomura raised their price target on Bank of America to $10 from $9 a share, and to $9 from $8 a share, respectively, a day after the financial giant posted a breakeven quarter , exceeding expectations for a loss.

At least four brokerages boosted their price target on Ebay, a day after the online auction website topped profit expectations by a penny and offered current-quarter guidance and a full-year earnings outlook that matched expectations.

Netflix announced that it launched in Sweden, Denmark, Norway, and Finland.

Needham lifted its price target on Google to $825, while keeping its "buy" rating on the search-engine giant. The company is expected to post earnings after the closing bell Thursday.

Michael Kors was initiated with a "buy" rating and set a $68 price target at Buckingham.

Skullcandy was downgraded to "market perform" from "strong buy" at Raymond James.

—By CNBC's JeeYeon Park; Follow Her on Twitter @JeeYeonParkCNBC

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