- The shares of Morgan Stanley (NYSE: MS) have received a $115 price target from Citi. These are the details.
The shares of Morgan Stanley (NYSE: MS) have received a $115 price target from Citi. And Citi analyst Keith Horowitz upgraded Morgan Stanley to a “Buy” rating from “Neutral” while increasing the price target from $105.
Horowitz is very constructive on bank stocks and would use this recent pullback in the shares to build positions in high-quality names. And after meeting the company management, Horowitz is seeing further multiple expansion for Morgan Stanley as the company is delivering on its wealth management opportunity and is awarded a growth multiple.
Plus Horowitz said the stock offers high quality at a reasonable price.
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