Think I agree. Looked up both words in the handy dandy dictionary, and got this:
Ethics
1.(used with a singular or plural verb) a system of moral principles: the ethics of a culture. 2.the rules of conduct recognized in respect to a particular class of human actions or a particular group, culture, etc.: medical ethics; Christian ethics. 3.moral principles, as of an individual: His ethics forbade betrayal of a confidence. 4.(usually used with a singular verb) that branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions.


mor·al
1.of, pertaining to, or concerned with the principles or rules of right conduct or the distinction between right and wrong; ethical: moral attitudes. 2.expressing or conveying truths or counsel as to right conduct, as a speaker or a literary work; moralizing: a moral novel. 3.founded on the fundamental principles of right conduct rather than on legalities, enactment, or custom: moral obligations. 4.capable of conforming to the rules of right conduct: a moral being. 5.conforming to the rules of right conduct (opposed to immoral): a moral man. 6.virtuous in sexual matters; chaste. 7.of, pertaining to, or acting on the mind, feelings, will, or character: moral support. 8.resting upon convincing grounds of probability; virtual: a moral certainty. –noun 9.the moral teaching or practical lesson contained in a fable, tale, experience, etc. 10.the embodiment or type of something. 11.morals, principles or habits with respect to right or wrong conduct

When I think ethical, I generally think of it as being applied to like, rules and such. Like for example, doctors have a set of ethics. With morals I think that those more or less come from inside (as cheesy as this sounds), I'd say most people (with a developed brain) know right from wrong and know if they are being immoral.