Citi raised the firm’s price target on Morgan Stanley (MS) to $170 from $155 and keeps a Neutral rating on the shares. The company reported a Q3 beat and its long-term profitability targets are likely to move higher, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MS:
- Morgan Stanley price target raised to $183 from $156 at Barclays
- Midday Fly By: Big banks beat again, Apple unveils M5
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Morgan Stanley says may buy back shares at slightly higher cadence
- Morgan Stanley CEO sees investment banking revenue continuing to grow