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Morgan Stanley (MS) is a leading global financial services firm headquartered in New York City.
Morgan Stanley posted record quarterly net revenue of $20.56 billion, up 16% year over year.
KEY POINTS
- Investment banking revenue surged 35.7% to $2.11 billion due to higher M&A advisory and underwriting fees.
- Analyst sentiment has grown more bullish, with 'Strong Buy' ratings increasing from seven to ten in one month.
- Barclays raised its Morgan Stanley price target to $230, citing outperforming trading and wealth management results.
- Consensus analyst price target for Morgan Stanley is $203.64, a 7.6% premium to current levels.
COMPANIES
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