Wells Fargo Maintains Underweight on Morgan Stanley, Raises Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Whit Mayo maintains an Underweight rating on Morgan Stanley but raises the price target from $95 to $107.
October 17, 2024 | 5:17 pm
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Wells Fargo has maintained an Underweight rating on Morgan Stanley, indicating a cautious stance, but has increased the price target from $95 to $107, suggesting some positive outlook.
The Underweight rating suggests Wells Fargo is cautious about Morgan Stanley's short-term performance. However, the raised price target indicates some optimism about its future prospects. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100