JPMorgan downgraded Morgan Stanley to Neutral from Overweight with a price target of $87, down from $94. The analyst sees the bank’s “excellent acquisitions benefits” as largely discounted in the shares and believes its equity market share is plateauing. The firm sees limited stock specific catalysts in the near-term which it notes have been a source of outperformance for the stock in the past. JPMorgan views Morgan Stanley as fairly valued.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MS:
- Morgan Stanley (NYSE:MS) Gains on Mixed Q4 Numbers
- Options Volatility and Implied Earnings Moves Today, January 16, 2024
- TipRanks’ All-Star Analyst – Who is the Best on BAC Stock?
- Boston Consulting Group: Banks Can Create $7T in Value
- Options Volatility and Implied Earnings Moves This Week, January 16 – January 19, 2024