Morgan Stanley upgraded to Buy from Neutral at UBS

UBS upgraded Morgan Stanley (MS) to Buy from Neutral with a price target of $196, up from $195, implying 18% upside. The firm sees a buying opportunity with bank stocks selling off on the Iran conflict, private credit concerns, and AI disruption. Morgan Stanley has “catalysts ahead to reignite” the shares, including its strength in advisory, potential for a handful of blockbuster initial public offerings this year, and a wealth franchise that “leads peers,” the analyst tells investors in a research note. UBS sees an attractive buying opportunity at current share levels.