In a report released today, Marty Mosby from Vining Sparks maintained a Buy rating on Morgan Stanley (NYSE: MS), with a price target of $60. The company’s shares opened today at $46.70, close to its 52-week low of $45.94.
According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morgan Stanley with a $59.25 average price target, a 26.9% upside from current levels. In a report issued on September 25, Wolfe Research also initiated coverage with a Buy rating on the stock with a $61 price target.
Morgan Stanley’s market cap is currently $82.27B and has a P/E ratio of 11.84. The company has a Price to Book ratio of 1.17.
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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.