Market Overview

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

Share:
Related MS
Benzinga's Top Downgrades
Morgan Stanley Has 'Frustrated' Analysts, But It's Now Changing Their Minds
Take A Dip In Financials With This ETF (Seeking Alpha)

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
Feb 2016Atlantic EquitiesDowngradesNeutralUnderweight
Feb 2016MacquarieUpgradesNeutralOutperform
Jan 2016Deutsche BankMaintainsHold

View More Analyst Ratings for MS
View the Latest Analyst Ratings

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

 

Related Articles (MS)

View Comments and Join the Discussion!

Get Benzinga's Newsletters