RBC Capital Reiterates Sector Perform on Morgan Stanley, Maintains $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gerard Cassidy has reiterated a 'Sector Perform' rating on Morgan Stanley (NYSE:MS) and maintained the price target of $85.
December 21, 2023 | 3:02 pm
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RBC Capital analyst Gerard Cassidy reaffirmed a 'Sector Perform' rating on Morgan Stanley, with no change to the $85 price target.
The reiteration of the 'Sector Perform' rating and the maintenance of the price target by RBC Capital is a neutral event, suggesting that the analyst believes Morgan Stanley is fairly valued at its current price. This is likely to have a neutral short-term impact on the stock as it does not suggest a significant change in the company's valuation or prospects.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100