Morgan Stanley CEO sticks by performance target in tough questioning

By Olivia Oran PURCHASE, N.Y. (Reuters) - Morgan Stanley Chief Executive James Gorman on Tuesday stood by his intention to reach a key performance target after facing sharp questions from an analyst about whether he can achieve the goals he laid out. At the Wall Street bank's annual meeting, CLSA analyst Mike Mayo asked Gorman how confident he is that Morgan Stanley can get its return-on-equity up to a range of 9 to 11 percent by the end of 2017. One recently hung up the phone on him out of ange