0823 GMT [Dow Jones] Morgan Stanley backs BNP Paribas (BNP.FR), Societe Generale (GLE.FR), Credit Suisse (CS), Barclays (BCS), UBS (UBS), and Julius Baer (BAER.VX) following stress tests. Large-cap banks in Europe have been pivoting around expectations from Spain, and the periphery should benefit from that, Morgan Stanley analyst Huw van Steenis explains. Rates all at overweight. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 26, 2010 04:23 ET (08:23 GMT)