These Analysts Boost Their Forecasts On Morgan Stanley Following Upbeat Q1 Earnings

Benzinga04-16

Morgan Stanley (NYSE:MS) on Wednesday posted better-than-expected earnings for the first quarter.

The company posted EPS of $3.43, beating market estimates of $3.00. The company’s sales came in at $20.580 billion, topping expectations of $19.724 billion.

Wealth Management delivered revenues of $8.5 billion with a pre-tax margin of 30.4%, reflecting strong asset management revenues, robust levels of client activity and higher net interest income.

Morgan Stanley shares fell 0.1% to $191.45 in pre-market trading.

These analysts made changes to their price targets on Morgan Stanley following earnings announcement.

  • B of A Securities analyst Ebrahim Poonawala maintained Morgan Stanley with a Buy and raised the price target from $220 to $225.
  • Goldman Sachs analyst Richard Ramsden maintained the stock with a Neutral and raised the price target from $186 to $205.

Considering buying MS stock? Here’s what analysts think:

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