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 $46.57, close to its 52-week low of $46.28.
According to TipRanks.com, Katzke is ranked #285 out of 4878 analysts.
Currently, the analyst consensus on Morgan Stanley is a Moderate Buy with an average price target of $59.13, which is a 27.0% upside from current levels. In a report issued on September 20, RBC Capital also maintained a Buy rating on the stock with a $60 price target.
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 $10.83 billion and had a net profit of $1.76 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.