In a report released today, Brennan Hawken from UBS maintained a Buy rating on Morgan Stanley (MS), with a price target of $53.00. The company’s shares closed last Monday at $43.44.
According to TipRanks.com, Hawken is a 5-star analyst with an average return of 12.5% and a 64.0% success rate. Hawken covers the Financial sector, focusing on stocks such as Franklin Resources, E*Trade Financial, and State Street Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Morgan Stanley with a $58.75 average price target, which is a 32.4% upside from current levels. In a report issued on October 10, Sandler O’Neill also upgraded the stock to Buy with a $48.00 price target.
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The company has a one-year high of $48.67 and a one-year low of $36.74. Currently, Morgan Stanley has an average volume of 9.73M.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is neutral on the stock.
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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.
