Wells Fargo Reduces Morgan Stanley Price Target to $130

Reported 3 days ago

Wells Fargo has lowered its price target for Morgan Stanley from $142 to $130, maintaining an Equal Weight rating as part of their Q1 earnings preview for large-cap banks. While optimistic about the banking sector due to significant deregulation, they noted potential challenges for Q1 earnings amid policy uncertainties, leading to reduced estimates.

Source: YAHOO

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