Morgan Stanley (NYSE:MS) shares fell in early trading on Wednesday, despite the company reporting upbeat third-quarter results. Here are some key analyst takeaways: Piper Sandler analyst Scott Siefers reiterated a Hold rating, while cutting the price target from $210 to $205.
Citizens JMP Securities analyst Devin Ryan reiterated a Market Perform rating on the stock. Check out other analyst stock ratings.
93 per share, Siefers said in a note. While the outperformance was lower than Goldman Sachs‘s (NYSE:GS), investors typically do not expect "that type of outsized performance from this company," he added.
Instead, the focus is on the durability of Morgan Stanley’s earnings, which it has created through its balanced Investment Banking (IB) and Asset and Wealth Management business model, the analyst stated. 7% jump in advisory revenues.
8% jump in asset management revenues. 3 billion, despite a 5% sequential decline from "an exceptional" second-quarter performance, Ryan said.
The company "delivered another strong quarter," he added, driven by robust performance in Equities and record Wealth flows. 3 billion in revenue through nine months, up 44% year-on-year, the analyst noted.
The third-quarter performance and management’s more constructive 2027 NII outlook "leave us with a higher view of the earnings base," he further wrote. 47 at the time of publication on Thursday.
