- The shares of Morgan Stanley (NYSE: MS) have received a $113 price target from BMO Capital. These are the details.
The shares of Morgan Stanley (NYSE: MS) have received a $113 price target from BMO Capital. And BMO Capital analyst James Fotheringham increased the price target on Morgan Stanley from $110 while maintaining an “Outperform” rating on the shares.
Fotheringham adjusted the rating following a first-quarter revenue beat. And Fotheringham pointed out that the company demonstrated resiliency in a volatile quarter. The strength of the company’s Institutional Securities segment had more than offset headwinds in Wealth Management and Investment Management.
Plus Fotheringham pointed out that Morgan Stanley shares have re-rated but that story still has legs as the company’s earnings mix shifts towards more predictable and faster-growing businesses.
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