On Oct 17, major Wall Street analysts update their ratings for $Morgan Stanley (MS.US)$, with price targets ranging from $107 to $135.
Goldman Sachs analyst Richard Ramsden maintains with a hold rating, and adjusts the target price from $106 to $121.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and adjusts the target price from $120 to $135.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $121 to $135.
Wells Fargo analyst Mike Mayo maintains with a sell rating, and adjusts the target price from $95 to $107.
Jefferies analyst Daniel Fannon maintains with a buy rating, and adjusts the target price from $120 to $135.
Furthermore, according to the comprehensive report, the opinions of $Morgan Stanley (MS.US)$'s main analysts recently are as follows:
The company's third quarter earnings exceeded expectations with a widespread revenue outperformance and a 'constructive' outlook for the future.
Following the Q3 earnings surpassing expectations, the firm's Wealth business observed notably better than anticipated net new assets, fee-based flows, and net interest income. Management highlighted a significant improvement in sweep deposit outflows after the initial rate reductions. Furthermore, the company signaled an uptick in mortgage loan growth, and an expectation for growth in securities-based lending due to a more favorable environment for equities in the context of lower interest rates.
Following the Q3 report, estimates for EPS in Q4 and 2025 were raised by 3% each to $1.75 and $7.95, respectively. This reflects the positive impact of strong results, improved leverage, and increased momentum in the wealth management sector.
Following a robust Q3 earnings outcome, the diversified investment services model encompassing Institutional Securities, Wealth Management, and Investment Management has demonstrated commendable performance, particularly underscored by premier investment banking and trading operations. With a sturdy excess capital standing, it is anticipated that management will reciprocate shareholder loyalty through common share repurchases and augmented dividends.
The firm's recent performance has been robust with significant successes in several areas. Persistent inquiries, however, revolve around the durability of new net asset growth, the modest long-term investment management inflows over the last twelve months, future net interest income beyond the second quarter, and the extent to which capital markets progress.
Here are the latest investment ratings and price targets for $Morgan Stanley (MS.US)$ from 9 analysts:
Note:
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