Morgan Stanley outpaces market with 1.1% stock gain
MSN·- Morgan Stanley gained 1.1%, outperforming the S&P 500's 0.58% rise. - Analysts expect Q2 earnings per share (EPS) of $2.71, reflecting a 27.23% year-over-year increase, with revenue growth of 11.41%. - The bank has a forward P/E of 17.01, higher than the industry average, and has a Zacks Rank of #3 (Hold).Morgan Stanley sees S&P 500 hitting 8,300 but warns rally is narrow and risks are rising
Investinglive·- Morgan Stanley's Global Investment Committee set a one-year target of 8,300 for the S&P 500, indicating an expected 11% to 12% upside but warned of significant risks. - The committee highlighted concerns over deteriorating consumer finances, rising credit delinquencies, and the vulnerability of a rally concentrated in a few AI-linked stocks. - They noted potential upward pressure on long-term rates due to competition for capital and emphasized that a diversified investment approach may be necessary, considering the strong performance of non-US markets.