FBR Capital upgraded New York based investment bank Morgan Stanley MS from “market perform” to “outperform,” while maintaining its target price at $35.
The analysts have upgraded MS, despite rumors of the ongoing federal probe on the firm’s operations in mortgage backed securities. According to FBR Capital, Morgan Stanley’s valuation is attractive. MS is in the middle of shifting to a more stable, retail-oriented business model.
By 10:38 am, MS was up 1.83% to $28.31.
Read more from Benzinga's Company news.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Long IdeasNewsUpgradesPrice TargetMarketsAnalyst RatingsTrading IdeasFBR CapitalFinancialsInvestment Banking & Brokerage
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in