Evercore ISI analyst Glenn Schorr raised the firm’s price target on Morgan Stanley to $106 from $90 and keeps an Outperform rating on the shares. Morgan Stanley was a big outperformer following the Q4 results, as the company showed growth in all the right places in wealth management, continues to buy back a lot of stock, and still has ~200bps of excess capital, Schorr tells investors in a research note.
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