HSBC Maintains Hold on Morgan Stanley, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Saul Martinez maintains a Hold rating on Morgan Stanley (NYSE:MS) and raises the price target from $96 to $100.
March 28, 2024 | 9:56 am
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HSBC analyst Saul Martinez maintains a Hold rating on Morgan Stanley and raises the price target from $96 to $100.
The increase in the price target from $96 to $100 by HSBC indicates a positive outlook on Morgan Stanley's stock value in the short term. Although the rating remains a Hold, the upward revision in the price target suggests that HSBC sees potential for Morgan Stanley's stock to perform better than previously expected. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100