Morgan Stanley Gets Price Target Increases From Analysts After Upbeat Q4 Results

Morgan Stanley MS reported better-than-expected Q4 results on Tuesday.

Morgan Stanley reported fourth-quarter revenue of $12.75 billion, which beat estimates of $12.64 billion. The company reported quarterly earnings of $1.31 per share, which beat estimates of $1.19 per share.

Morgan Stanley shares dropped 0.4% to trade at $96.71 on Wednesday after recording gains on Tuesday.

These analysts made changes to their price targets on Morgan Stanley after the company released quarterly results.

• BMO Capital boosted the price target on Morgan Stanley from $98 to $109. BMO Capital analyst James Fotheringham maintained an Outperform rating on the stock.
• Oppenheimer increased Morgan Stanley price target from $97 to $102. Oppenheimer analyst Chris Kotowski maintained an Outperform rating on the stock.
• Wells Fargo raised the price target on the stock from $83 to $89. Wells Fargo analyst Mike Mayo maintained the stock with an Equal-Weight.
• Evercore ISI Group increased Morgan Stanley price target from $90 to $106. Evercore ISI Group analyst Glenn Schorr maintained the stock with an Outperform.
• CFRA, on Tuesday, increased Morgan Stanley price target from $90 to $95. CFRA analyst Kenneth Leon reiterated the stock with a Hold rating.

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