Credit Suisse analyst Susan Roth Katzke maintained a Buy rating on Morgan Stanley (NYSE: MS) today and set a price target of $62. The company’s shares opened today at $45.94.
According to TipRanks.com, Katzke is ranked #256 out of 4887 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morgan Stanley with a $59.44 average price target, representing a 29.4% upside. In a report issued on October 9, Vining Sparks also maintained a Buy rating on the stock with a $60 price target.
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Based on Morgan Stanley’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $13 billion and net profit of $2.44 billion. In comparison, last year the company earned revenue of $10.76 billion and had a net profit of $1.78 billion.
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Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management.
