Bank of America Raises Morgan Stanley Price Target Following Strong Q1 Earnings

Bank of America has increased its price target for Morgan Stanley to $225 from $220, maintaining a buy rating on the stock. According to NS3.AI, this decision comes after Morgan Stanley reported better-than-expected first-quarter earnings. The financial institution posted earnings per share (EPS) of $3.43 and revenue of $20.58 billion, surpassing consensus estimates.