Wolfe Research analyst Steven Chubak upgraded Morgan Stanley to Peer Perform from Underperform without a price target post the Q3 report. The midpoint of the firm’s fair value range moved to $79, implying 8% upside to shares, the analyst tells investors in a research note. Following the stock’s recent underperformance, the shares appear fairly valued, with earnings risk better reflected in consensus estimates, says Wolfe.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MS:
- Wolfe Research Upgrades Morgan Stanley (NYSE:MS), says It’s “Fairly Valued”
- Morgan Stanley price target lowered to $101 from $102 at BMO Capital
- Morgan Stanley price target lowered to $97 from $102 at Evercore ISI
- Morgan Stanley price target lowered to $90 from $100 at BofA
- Morgan Stanley price target lowered to $102 from $112 at Barclays
