Wolfe Research analyst Steven Chubak raised the firm’s price target on Morgan Stanley (MS) to $211 from $198 and keeps an Outperform rating on the shares as part of the firm’s Top 10 Themes for 2026 note on the Banks, Brokers, and Alternative Managers. Heading into 2026, the firm notes Retail Brokers and Alts are its favorite subsectors and names Morgan Stanley as one of its top picks in the sector.
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