Argus analyst Stephen Biggar raised the firm’s price target on Morgan Stanley (MS) to $153 from $129 and keeps a Buy rating on the shares after its Q2 earnings beat. The company benefited from higher trading revenues, and while its investment banking revenues were lower, the firm sees a more durable rebound in this segment as tariff concerns subside, with management noting more constructive conversations with clients as the quarter unfolded, the analyst tells investors in a research note.
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