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UPDATE: Bank of America Upgrades Morgan Stanley on Attractive Risk/Reward

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In a report published Tuesday, Bank of America analyst Michael Carrier upgraded the rating on Morgan Stanley (NYSE: MS) from Neutral to Buy, and reiterated the $35.00 price target.

In the report, Bank of America noted, “We are upgrading Morgan Stanley (MS) to Buy from Neutral, based on a more attractive risk/reward given the recent pullback; earnings upside in wealth management, equities, and investment banking; and longer term upside from increasing efficiencies and capital return. While there are still clearly headwinds for MS and the industry given the numerous regulatory changes, with the stock trading below year-end TBV and expectations of ROTEs moving to 10/11% in 2015/2016, we view the risk/reward as attractive. Our rating is now Buy & our PO remains $35.”

Morgan Stanley closed on Monday at $28.47.

Latest Ratings for MS

DateFirmActionFromTo
Jan 2015Deutsche BankMaintainsNeutral
Jan 2015JMP SecuritiesDowngradesMarket OutperformMarket Perform
Jan 2015Credit SuisseMaintainsNeutral

View More Analyst Ratings for MS
View the Latest Analyst Ratings

Posted-In: Bank of America Michael CarrierAnalyst Color Upgrades Analyst Ratings

 

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