Oppenheimer analyst Chris Kotowski maintained a Buy rating on Morgan Stanley (MS – Research Report) yesterday and set a price target of $109.00. The company’s shares closed yesterday at $87.62.
Kotowski covers the Financial sector, focusing on stocks such as Bank of America, JPMorgan Chase & Co., and Morgan Stanley. According to TipRanks, Kotowski has an average return of 18.3% and a 68.80% success rate on recommended stocks.
In addition to Oppenheimer, Morgan Stanley also received a Buy from DBS’s Ken Shih in a report issued on January 23. However, on January 17, J.P. Morgan downgraded Morgan Stanley (NYSE: MS) to a Hold.
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The company has a one-year high of $98.01 and a one-year low of $69.34. Currently, Morgan Stanley has an average volume of 8.73M.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Morgan Stanley (MS) Company Description:
Incorporated in 1935, New York-based Morgan Stanley operates as a global financial services company and provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. The bank operates through three segments, including Institutional Securities, Wealth Management, and Investment Management.
Read More on MS:
- JPMorgan financial services analysts hold an analyst/industry conference call
- Morgan Stanley CEO tells CNBC U.S. is likely past peak inflation
- Morgan Stanley CEO says not changing strategy, as it’s working
- Morgan Stanley still sees getting to 30% wealth margin, CEO says on CNBC
- CFPB proposes to amend regulations for large institutions’ overdraft credit
