Goldman Sachs Maintains Buy on Morgan Stanley, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Ramsden has reaffirmed a Buy rating on Morgan Stanley (NYSE:MS) and increased the price target from $89 to $100.
December 19, 2023 | 1:08 pm
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POSITIVE IMPACT
Goldman Sachs has maintained a Buy rating on Morgan Stanley and raised the price target to $100, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance and can positively influence investor sentiment, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100