JPMorgan raised the firm’s price target on Morgan Stanley (MS) to $157 from $122 and keeps a Neutral rating on the shares. The firm has been positive on global investment banks for a while now, noting such banks have seen material EPS upgrades and multiple expansion. While JPMorgan is willing to pay a premium for Tier 1 players like Goldman Sachs (GS) and Morgan Stanley, the current valuation of 14x for Goldman and 15.2x for Morgan Stanley on its 2027 forecasts looks too high a premium of roughly 80% versus European IBs, the analyst tells investors in a research note. The firm continues with its preference for Goldman Sachs and Morgan Stanley in the U.S.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
Read More on MS:
- META Stock Under Watch as Record $30B Funding Deal Nears
- Morgan Stanley price target raised to $184 from $176 at Keefe Bruyette
- Anthropic Is Preparing to Buy Startups as It Looks to Improve AI Models
- Morgan Stanley price target raised to $180 from $170 at BofA
- Morgan Stanley price target raised to $175 from $165 at Evercore ISI