Morgan Stanley (MS) Stock: $108.85 Price Target From Odeon Capital

By Amit Chowdhry ● Feb 6, 2022
  • The shares of Morgan Stanley (NYSE: MS) have received a $108.85 price target from Morgan Stanley. These are the details.

The shares of Morgan Stanley (NYSE: MS) have received a $108.85 price target from Morgan Stanley. And Odeon Capital analyst Dick Bove assigned Morgan Stanley to a “Hold” rating.

Bove pointed out that the Hold rating does not reflect any perceived problems in the operation of either company. But it is based upon Federal Reserve Chairman Jay Powell’s claim that the Fed may lower the size of its balance sheet in 2022. 

If the Fed follows through, then it is unlikely that the pair of investment banks will achieve the consensus earnings projections now in place according to Bove.

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