Morgan Stanleyanalyst Stan Zlotsky downgraded Anaplan Inc. from Overweight to Equal-Weight and lowered the price target from $73 to $55, implying a 24 percent upside. Zlotsky conducted another round of channel checks after the company’s Q3 earnings report, and the mixed checks suggest recent results “could be indicative of more prolonged challenges.” Zlotsky thinks the upside in the…
Morgan Stanley CEO Prefers Higher Interest Rates For ‘Balanced’ Economy
The Federal Reserve needs to raise interest rates sooner, Morgan Stanley CEO said Monday, adding that a balance must be returned to the economy even if it means upsetting markets in the short run. “It always surprises me how little the market prices in what is going to be the reality around rates. I mean,…
Fidelity, Morgan Stanley Prepare for Continued COVID-19 Concerns
BOSTON/NEW YORK—Asset management firm Fidelity Investments on Monday said it had paused some voluntary return-to-office plans while Morgan Stanley’s CEO said he expects COVID-19 to be an issue through the next year, in a further sign that America’s financial industry is rethinking its return to “business as usual.” U.S. financial firms have been more proactive…
Morgan Stanley Sees Compelling Entry Point in TaskUs; Anticipates 30 Percent Upside
Morgan Stanley analyst James Faucette upgraded TaskUs Inc to Overweight from Equal Weight with a price target of $55, up from $37, implying a 29.8 percent upside. The analyst sees a “compelling entry point” with shares off over 49 percent from the September 2021 highs. TaskUs is trading just ahead of contact center peers despite…
Apple Melts up Into Blue Skies: Is the Stock Headed for $200?
Apple Inc. was trading up 3.5 percent and made a new all-time high on Tuesday as it led the S&P 500 up 2 percent higher by mid-day. Apple has been the strongest of the tech giants recently, making a series of new all-time highs over the past 13 trading days despite the general markets experiencing…
Ambarella Shares Pop as Morgan Stanley Bumps up Price Target by 62 Percent
Morgan Stanley analyst Joseph Moore raised the price target on Ambarella Inc to $222 from $137, implying a 23 percent upside, and reiterated an Overweight. Morse bumped up the price target on the expectation of rising revenue leading to higher margins. Ambarella is a developer of semiconductor processing solutions for high-definition video capture, sharing, and…
Morgan Stanley: EV Batteries Are the ‘New Oil’
The global battery economy is poised to transform into the “new oil” and will alter international supply chains, say Morgan Stanley analysts in a report. Equity analysts at the investment bank forecast that the battery economy could climb to $500 billion within the next two decades. This, they note, would be supported by greater penetration…
NTD Business Full Broadcast (June 23)
Morgan Stanley told its employees that it’ll soon stop workers and visitors from entering its New York buildings if they are not fully vaccinated. Republican governors have ended COVID unemployment benefits early because they’re making it hard for businesses to hire. Now, one governor has been sued. California is asking electric vehicle owners in the…
Morgan Stanley Bans Unvaccinated Staff, Guests From Entering NY Offices
June 23, 2021
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Banking giant Morgan Stanley will not allow employees or guests to enter its metro New York City offices without being vaccinated against COVID-19, according to an internal memo. “Starting July 12 all employees, contingent workforce, clients, and visitors will be required to attest to being fully vaccinated to access Morgan Stanley buildings in New York…
Wall Street Investment Banks to Comply With Trump Order to Delist Products in Hong Kong
January 11, 2021
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Three major U.S. investment banks will delist a total of about 500 Hong Kong-listed structured products, according to corporate filings from Hong Kong stock exchanges on Sunday. Goldman Sachs, JPMorgan, and Morgan Stanely stated that the delisting was in compliance with President Donald Trump’s executive order (E.O.) 13959. Trump issued the order (pdf) on Nov….
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