Analysts are Raising Price Targets of These 5 Stocks

2. Morgan Stanley (NYSE:MS)

Number of Hedge Fund Holders: 69    

Morgan Stanley (NYSE:MS) is placed second on our list of 10 stocks that analysts are raising price targets of. The firm provides financial services and is headquartered in New York. 

On September 28, investment advisory Berenberg downgraded Morgan Stanley (NYSE:MS) stock to Hold from Buy but raised the price target to $95 from $91, noting that the shares for the firm now seemed fairly valued. 

At the end of the second quarter of 2021, 69 hedge funds in the database of Insider Monkey held stakes worth $5.3 billion in Morgan Stanley (NYSE:MS), down from 79 in the preceding quarter worth $5.2 billion.

In its Q1 2021 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Morgan Stanley (NYSE:MS) was one of them. Here is what the fund said:

“Top three contributor Morgan Stanley, a leading global financial services company, came into the portfolio in Q4 as a result of its purchase of E*TRADE. E*TRADE is a great fit on Morgan Stanley’s wealth management platform and provides a considerable amount of non-interest-bearing deposit funding. James Gorman, chairman and CEO, has steadily de-risked Morgan Stanley’s business by adding less volatile fee streams and deemphasizing the risk-obtuse culture of prior management. We believe the market will come to appreciate this mix shift over time.”