Morgan Stanley

Morgan Stanley (NYSE:MS)  is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.

Morgan Stanley Says Signs Still Point to More M&A in 2024

/ / Financials /

Morgan Stanley is seeing a rise in early action in mergers and acquisition, setting up the lender for a recovery of M&A activity next year. Head of Investment Management Daniel Simkowitz says at the Barclays Global Financial Services Conference that Morgan Stanley is seeing early action and “some real data points in the market” on M&A, building on the improved sentiment and backlog of deals the investment bank saw several months ago. He says execution in capital markets has also improved. “That leads us to believe that 2024 should be meaningfully improved versus last year and that we’re in the midst of a sustainable recovery,” he says.

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Starbucks (NASDAQ:SBUX) ‘ Fiscal Q3 Results Had ‘Encouraging Elements,’ Morgan Stanley Say

/ / Consumer Discretionary / ,

Starbucks’ (NASDAQ:SBUX) fiscal Q3 results offered “encouraging elements,” including earnings per share of $1, which is ahead of consensus, Morgan Stanley said in a Wednesday note. Morgan Stanley noted that the coffee company showed anticipated margin progress despite a modest US topline miss. The investment bank said it sees the company’s Q4 as mainly China driven and the Channel Development segment softening against expectations. Starbucks said in its fiscal Q3 earnings release Tuesday that stores in the US and China comprised 61% of its global portfolio at the end of the quarter. “Near term, it’s unclear to us if questions about moderating US comps and a still slow China recovery are going away,” Morgan Stanley said. Morgan Stanley maintained the company’s equal-weight rating and $104 price target.

Starbucks (NASDAQ:SBUX) ‘ Fiscal Q3 Results Had ‘Encouraging Elements,’ Morgan Stanley Say Read Post »

Sky’s the Limit: Morgan Stanley Analyst Sees Huge Upside for Meta Platforms

/ / Technology / ,

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on Meta Platforms, Inc (NASDAQ:META) with a price target of $375. The analyst sees continued top and bottom-line upward revisions driving upside and multiple expansions from current trading levels. The extent to which META can grow its ad revenue even faster (through core and Reels) could lead to even more upside and ~$20 of EPS. This faster growth could bring ~40% upside into play.

Sky’s the Limit: Morgan Stanley Analyst Sees Huge Upside for Meta Platforms Read Post »

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