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Analysts Offer Insights on Financial Companies: First Republic Bank (FRC) and Morgan Stanley (MS)

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on First Republic Bank (FRCResearch Report) and Morgan Stanley (MSResearch Report) with bullish sentiments.

First Republic Bank (FRC)

Evercore ISI analyst John Pancari maintained a Buy rating on First Republic Bank on July 14 and set a price target of $173.00. The company’s shares closed last Friday at $155.80.

According to TipRanks.com, Pancari is a 2-star analyst with an average return of -0.2% and a 37.4% success rate. Pancari covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Discover Financial Services, and Bread Financial Holdings.

Currently, the analyst consensus on First Republic Bank is a Moderate Buy with an average price target of $180.75, implying a 17.6% upside from current levels. In a report issued on July 1, Atlantic Equities also upgraded the stock to Buy with a $188.00 price target.

See today’s best-performing stocks on TipRanks >>

Morgan Stanley (MS)

Evercore ISI analyst Glenn Schorr maintained a Buy rating on Morgan Stanley on July 14 and set a price target of $99.00. The company’s shares closed last Friday at $78.05, close to its 52-week low of $72.05.

According to TipRanks.com, Schorr is a 3-star analyst with an average return of 1.3% and a 46.1% success rate. Schorr covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, BrightSphere Investment Group, and Apollo Global Management.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morgan Stanley with a $91.88 average price target, representing a 21.0% upside. In a report issued on July 8, Jefferies also maintained a Buy rating on the stock with a $97.00 price target.

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