Jefferies (NYSE:JEF) analyst Daniel Fannon maintained a Buy rating on Morgan Stanley (NYSE:MS) on Friday, setting a price target of $108, which is approximately 16.59% above the present share price of $92.63.
Fannon expects Morgan Stanley to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Strong Buy rating of shares in Morgan Stanley, with an average price target of $101.65.
The analysts price targets range from a high of $115 to a low of $89.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $14.81 billion and a net profit of $0. The company's market cap is $172.35 billion.
According to TipRanks.com, Jefferies analyst Daniel Fannon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.6% and a 72.26% success rate.
Incorporated in 1935, New York-based Morgan Stanley operates as a global financial services company and provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. The bank operates through three segments, including Institutional Securities, Wealth Management, and Investment Management.