S&P Reiterates BUY on Morgan Stanley (NYSE: MS)

New York, May 31 (FinanceEnquiry.com) – Analyst Kenneth Leon at S&P Capital IQ reiterates his BUY rating on the shares of Morgan Stanley (NYSE: MS). The 12-month target price is set to $20.

In a research note published today, the analyst mentions that Morgan Stanley’s exercise to purchase an additional 14% of Morgan Stanley Smith Barney Holdings (MSSB) from Citigroup is positive. Moreover, the process can take 90 days to come to an agreed price. Currently, Morgan Stanley holds 51% stake in MSSB.

MS’s profile in the private wealth management market is a key driver for stable growth to buffer trading volatility and risk taking in the capital markets, especially for trading in derivative products, according to S&P Capital IQ.

Sophia Wilson
Sophia is an expert internet entrepreneur and financial service expert. She has attended the Texas Tech University, where she earned her BA in Finance. She has worked with the bigwigs of the finance sector, especially in stock market research. Sophia also has a ‘BA in Petroleum Land Management'. Email: sophia.wilson@financeenquiry.com Tel: (732) 452 3610

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