Morgan Stanley, a leading financial institution, has made significant changes to its wealth management executive team. These strategic moves reflect the company's ongoing efforts to adapt to the ever-changing needs of its clientele, following the appointment of a new CEO last year. Introducing Wealth Management Client Segments Under the leadership of Jed Finn, the newly … [Read more...] about Morgan Stanley’s Wealth Management Reorganization
Morgan Stanley
Morgan Stanley’s Stock Rating Cut by UBS Analyst
Morgan Stanley's stock took a hit on Wednesday as UBS analyst Brennan Hawken downgraded the megabank's rating from buy to neutral. In addition to the rating cut, Hawken also lowered his target price for Morgan Stanley shares from $110 to $84. This adjustment reflects his belief that the stock is currently fairly priced. Moreover, Hawken reduced his earnings estimate for Morgan … [Read more...] about Morgan Stanley’s Stock Rating Cut by UBS Analyst
Banks Settle Antitrust Suit for $500 Million
In a significant development, JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), Goldman Sachs Group Inc. (GS), UBS Group AG (UBS), and EquiLend have agreed to pay a combined sum of $500 million to settle a long-standing antitrust suit. The lawsuit, which was led by four pension funds and advisory firm Torus Capital LLC, accused the banks and their joint venture, EquiLend, of … [Read more...] about Banks Settle Antitrust Suit for $500 Million
Salesforce Stock Downgraded by Morgan Stanley Analyst
Morgan Stanley analyst Keith Weiss has downgraded Salesforce stock to Equal Weight from Overweight, causing the cloud-based software giant's shares to edge lower. Despite the downgrade, Weiss has raised his target price for Salesforce stock to $278 from $251. This shift reflects a focus on 2025 results rather than 2024 and incorporates higher estimates resulting from recent … [Read more...] about Salesforce Stock Downgraded by Morgan Stanley Analyst
Keurig Dr Pepper Receives Analyst Upgrade
Keurig Dr Pepper recently received an upgrade from analysts, who believe that the beverage stock is set to experience growth once again. The analysts from Morgan Stanley have raised their rating on Keurig's shares to Overweight from Equal Weight, while maintaining a price target of $36. As of midday trading, the stock has already shown positive movement, with a 1.8% increase to … [Read more...] about Keurig Dr Pepper Receives Analyst Upgrade
