Bank of America reiterates its buy rating for financial conglomerate Morgan Stanley with a price target of $250. This is stated in a recent analysis.
The bank believes that the integrated wealth platform can continue to drive growth in net client inflows and improved profitability.
Workplace is still in the early stages of revenue generation, with AI expected to boost conversion, while E-Trade provides further growth opportunities.
BofA also sees tailwinds from the capital markets and expects stronger earnings growth than its competitors.
