Citi lowered the firm’s price target on Morgan Stanley to $95 from $100 and keeps a Neutral rating on the shares. The company reported a sales beat driven by investment banking and fixed income, partially offset by higher comp and provision, the analyst tells investors in a research note. The dropped the price target to reflect a lower earnings outlook.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on MS:
- Morgan Stanley’s (NYSE:MS) Investment Banking Business Remains Subdued
- Morgan Stanley expects markets to remain ‘choppy’ for next several months
- CEO Gorman Q1: ‘eventful’ for industry, ‘not so eventful’ for Morgan Stanley
- Morgan Stanley Down Even as Q1 Results Surpass Estimates
- Morgan Stanley reports Q1 provision for credit losses $234M vs $87M in Q4
