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Analysts at Morgan Stanley lowered their predictions after the third quarter results came out.

OpinionRead the original at Benzinga
Neutral

Morgan Stanley beat estimates for profit and sales, and stock-trading revenue rose 41%. All 5 listed analysts cut their price targets, so the strong results and lower targets point in different directions.

MS · Morgan Stanley

AI read · Neutral

The AI's read

More client trading and completed deals show stronger activity in Morgan Stanley’s main businesses. That supports its ability to earn money from those businesses. All 5 listed analysts cut their price targets after the results. Two kept Outperform ratings, and the others kept their existing ratings. The report does not say why the targets fell, so the stronger quarter and lower targets point in different directions.

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