Why Has UBS Securities Given Morgan Stanley (NYSE:MS) a $42.00 Price Target
New York: Morgan Stanley (NYSE:MS) coverage was initiated with a key ‘”Buy”‘ rating as well as a $42.00 target price per share at UBS Securities. The TP by UBS Securities may imply upside of 22.41% from the previous close.
From a total of 23 analysts covering Morgan Stanley (NYSE:MS) stock, 14 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is $46 while the lowest target price is $31. The mean of all analyst targets is $38.2 with a 10.35% above today’s ($34.31) stock price. Morgan Stanley was the topic of 26 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on October 20 with “Neutral” rating. Argus Research maintained shares with “Buy” rating and $40.0 target share price in a report from a September 4. RBC Capital Markets maintained MS stock in a recent report from October 20 with “Outperform” rating. Finally, Credit Suisse initiated the stock with “Neutral” rating in a report issued on a September 15.
The stock increased 0.03% or $0.01 on December 1, striking $34.31. Approximately 200 shares of stock traded hands. Morgan Stanley (NYSE:MS) has declined 7.40% since April 28, 2015 and is downtrending. It has underperformed by 5.77% the S&P500.
Morgan Stanley is a financial holding company. The company has a market cap of $65.41 billion. Through its subsidiaries and affiliates, the Company provides a variety of products and financial services to a group of clients and customers, including firms, governments, financial institutions and individuals. It has 21.32 P/E ratio. The Company’s operating divisions include Institutional Securities, Wealth Management and Investment Management.
According to Zacks Investment Research, “MORGAN STANLEY is a preeminent global financial services firm that maintains leading market positions in each of its three primary businesses: securities; asset management; and credit services. The company combines global strength in investment banking and institutional sales and trading with strength in providing full-service and on-line brokerage services, investment and global asset management services and, primarily through its Discover Card brand, quality consumer credit products.” Get a free copy of the Zacks research report on Morgan Stanley (MS)