Actionable news
0
All posts from Actionable news
Actionable news in MS: MORGAN STANLEY,

Morgan Stanley (MS) Stock Up After Upgrade at RBC

NEW YORK (TheStreet) -- Morgan Stanley (MS - Get Report) stock is rising by 2.5% to $33.17 in early morning trading on Wednesday, after it was upgraded to "outperform" from "sector perform" at RBC Capital Markets.

The firm maintained its $39 price target on Morgan Stanley, but increased its 2015 and 2016 earnings estimates to $2.99 per share from $2.83, and to $3.57 per share from $3.33, respectively.

Earnings estimates for the remainder of 2015 were also raised, with third quarter earnings increasing to 75 cents per share from 63 cents per share, while fourth quarter earnings are expected to be 60 cents per share from 56 cents per share, RBC said in an analyst note.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

"We expect wealth management to remain a source of EPS growth driven by the deposit deployment strategy independent of the timing of U.S. rate rises," analysts said. "Capital strength remains an attraction and we see potential upside to our capital return assumptions...


More