Barclays Maintains Overweight on Morgan Stanley, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has maintained an Overweight rating on Morgan Stanley (NYSE:MS) and increased the price target from $102 to $116.
January 02, 2024 | 11:56 am
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Barclays has reaffirmed Morgan Stanley's Overweight rating and raised the price target to $116, indicating a positive outlook on the stock.
The increase in price target by a major analyst like Barclays typically suggests a strong conviction in the company's future performance and growth potential. This can often lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100