Morgan Stanley Stock Recommendations and Price Targets

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; foreign exchange and commodities; corporate and commercial real estate loans, commercial mortgage and secured lending facilities, and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage, custody, administrative, and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

This is a list of recent ratings by Morgan Stanley.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
9/21/2023	PSA Public Storage	Initiated Coverage	$263.00	$250.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	EXR Extra Space Storage	Lower Price Target	$123.00	$145.00 ➝ $115.00	Underweight ➝ Underweight	Low
9/21/2023	NSA National Storage Affiliates Trust	Lower Price Target	$33.00	$42.00 ➝ $32.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	RUMOF Rumo	Initiated Coverage	$4.00		Overweight	Low
9/21/2023	FDX FedEx	Boost Price Target	$262.00	$200.00 ➝ $205.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	GIS General Mills	Lower Price Target	$65.00	$72.00 ➝ $58.00	Underweight ➝ Underweight	Low
9/21/2023	AEE Ameren	Boost Price Target	$80.00	$82.00 ➝ $84.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	AEP American Electric Power	Boost Price Target	$80.00	$95.00 ➝ $97.00	Overweight ➝ Overweight	Low
9/21/2023	ATO Atmos Energy	Boost Price Target	$112.00	$122.00 ➝ $124.00	Overweight ➝ Overweight	Low
9/21/2023	CMS CMS Energy	Boost Price Target	$57.00	$58.00 ➝ $60.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	ED Consolidated Edison	Boost Price Target	$91.00	$73.00 ➝ $75.00	Underweight ➝ Underweight	Low
9/21/2023	CEG Constellation Energy	Boost Price Target	$110.00	$115.00 ➝ $118.00	Overweight ➝ Overweight	N/A
9/21/2023	DTE DTE Energy	Boost Price Target	$106.00	$115.00 ➝ $118.00	Overweight ➝ Overweight	Low
9/21/2023	DUK Duke Energy	Boost Price Target	$93.00	$95.00 ➝ $98.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	EIX Edison International	Boost Price Target	$69.00	$51.00 ➝ $53.00	Underweight ➝ Underweight	Low
9/21/2023	ETR Entergy	Boost Price Target	$97.00	$94.00 ➝ $97.00	Underweight ➝ Underweight	Low
9/21/2023	ES Eversource Energy	Boost Price Target	$64.00	$75.00 ➝ $78.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	EXC Exelon	Boost Price Target	$40.00	$44.00 ➝ $45.00	Overweight ➝ Overweight	Low
9/21/2023	FE FirstEnergy	Boost Price Target	$36.00	$43.00 ➝ $44.00	Overweight ➝ Overweight	Low
9/21/2023	MGEE MGE Energy	Boost Price Target	$74.00	$63.00 ➝ $65.00	Underweight ➝ Underweight	Low
9/21/2023	NEE NextEra Energy	Boost Price Target	$67.00	$90.00 ➝ $91.00	Overweight ➝ Overweight	Low
9/21/2023	OGS ONE Gas	Boost Price Target	$73.00	$70.00 ➝ $71.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	PNW Pinnacle West Capital	Boost Price Target	$78.00	$73.00 ➝ $75.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	PEG Public Service Enterprise Group	Boost Price Target	$60.00	$62.00 ➝ $63.00	Overweight ➝ Overweight	Low
9/21/2023	SRE Sempra	Boost Price Target	$72.00	$76.00 ➝ $78.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	SO Southern	Boost Price Target	$70.00	$67.00 ➝ $69.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	SR Spire	Boost Price Target	$59.00	$70.00 ➝ $72.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	VST Vistra	Boost Price Target	$33.00	$35.00 ➝ $40.00	Overweight ➝ Overweight	Low
9/21/2023	XEL Xcel Energy	Boost Price Target	$59.00	$59.00 ➝ $61.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	AA Alcoa	Lower Price Target	$28.00	$31.00 ➝ $28.00	Underweight ➝ Underweight	Low
9/21/2023	FCX Freeport-McMoRan	Boost Price Target	$37.00	$38.50 ➝ $44.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	TECK Teck Resources	Boost Price Target	$40.00	$53.00 ➝ $55.00	Overweight ➝ Overweight	Low
9/21/2023	MOS Mosaic	Reiterated Rating	$37.00	$40.00	Equal Weight ➝ Equal Weight	Low
9/21/2023	FM First Quantum Minerals	Boost Price Target	C$33.00	C$31.00 ➝ C$32.00	Underweight	N/A
9/21/2023	LUN Lundin Mining	Boost Price Target	C$10.00	C$12.10 ➝ C$13.00	Overweight	N/A
9/20/2023	TLSNY Telia Company AB (publ)	Upgrade	$4.00		Underweight ➝ Equal Weight	Low
9/20/2023	ZBRA Zebra Technologies	Downgrade	$229.00	$260.00 ➝ $220.00	Equal Weight ➝ Underweight	Low
9/20/2023	NCNO nCino	Downgrade	$32.00	$24.00	Equal Weight ➝ Underweight	Low
9/20/2023	DAVA Endava	Lower Price Target	$55.00	$72.00 ➝ $68.00	Overweight ➝ Overweight	Low
9/20/2023	AZO AutoZone	Lower Price Target	$2,532.00	$2,835.00 ➝ $2,750.00	Overweight ➝ Overweight	Low
9/20/2023	NEP NextEra Energy Partners	Lower Price Target	$48.00	$81.00 ➝ $65.00	Equal Weight ➝ Equal Weight	Low
9/20/2023	HASI Hannon Armstrong Sustainable Infrastructure Capital	Lower Price Target	$23.00	$34.00 ➝ $26.00	Equal Weight ➝ Equal Weight	Low
9/20/2023	CWEN Clearway Energy	Lower Price Target	$24.00	$34.00 ➝ $27.00	Equal Weight ➝ Equal Weight	Low
9/20/2023	AY Atlantica Sustainable Infrastructure	Lower Price Target	$21.00	$31.00 ➝ $26.00	Equal Weight ➝ Equal Weight	Low
9/20/2023	PD PagerDuty	Lower Price Target	$23.00	$35.00 ➝ $32.00	Overweight ➝ Overweight	Low
9/20/2023	AMZN Amazon.com	Reiterated Rating	$129.00	$175.00	Overweight ➝ Overweight	Low
9/20/2023	BVN Compañía de Minas Buenaventura S.A.A.	Upgrade	$8.00	$8.60 ➝ $10.30	Equal Weight ➝ Overweight	Low
9/19/2023	COCO Vita Coco	Initiated Coverage	$26.00	$29.00	Equal Weight	Low
9/19/2023	SFIX Stitch Fix	Lower Price Target	$3.00	$4.00 ➝ $3.75	Equal Weight ➝ Equal Weight	Low
9/18/2023	GMVHF Entain	Initiated Coverage	$13.00		Overweight	Low
9/18/2023	VERX Vertex	Initiated Coverage	$22.00	$25.00	Overweight	Low
9/18/2023	SMPL Simply Good Foods	Upgrade	$35.00	$37.00 ➝ $40.00	Equal Weight ➝ Overweight	Low
9/18/2023	AYX Alteryx	Upgrade	$37.00	$54.00	Equal Weight ➝ Overweight	Low
9/18/2023	BL BlackLine	Initiated Coverage	$53.00		Equal Weight	Low
9/18/2023	PTCT PTC Therapeutics	Lower Price Target	$25.00	$47.00 ➝ $31.00	Equal Weight ➝ Equal Weight	Low
9/18/2023	WOLF Wolfspeed	Lower Price Target	$36.00	$44.00 ➝ $42.00	Equal Weight ➝ Equal Weight	Low
9/18/2023	RRR Red Rock Resorts	Lower Price Target	$43.00	$54.00 ➝ $53.00	Overweight ➝ Overweight	Low
9/18/2023	PENN PENN Entertainment	Lower Price Target	$23.00	$27.00 ➝ $26.00	Equal Weight ➝ Equal Weight	Low
9/18/2023	MYTE MYT Netherlands Parent B.V.	Reiterated Rating	$4.00	$6.00 ➝ $4.50	Equal Weight ➝ Equal Weight	Low
9/18/2023	CZR Caesars Entertainment	Lower Price Target	$48.00	$56.00 ➝ $55.00	Equal Weight ➝ Equal Weight	Low
9/18/2023	PGR Progressive	Boost Price Target	$142.00	$114.00 ➝ $124.00	Underweight ➝ Underweight	Low
9/15/2023	UMGNF Universal Music Group	Initiated Coverage	$25.00		Overweight	Low
9/15/2023	OTGLY CD Projekt	Initiated Coverage	$9.00		Equal Weight	Low
9/15/2023	KEYS Keysight Technologies	Upgrade	$131.00	$165.00	Equal Weight ➝ Overweight	Low
9/15/2023	FTNT Fortinet	Lower Price Target	$59.00	$80.00 ➝ $75.00	Overweight ➝ Overweight	Low
9/15/2023	NTRS Northern Trust	Lower Price Target	$70.00	$97.00 ➝ $92.00	Equal Weight ➝ Equal Weight	Low
9/15/2023	UBSFY Ubisoft Entertainment	Initiated Coverage	$6.00		Equal Weight	Low
9/15/2023	BK Bank of New York Mellon	Lower Price Target	$43.00	$49.00 ➝ $48.00	Underweight ➝ Underweight	Low
9/14/2023	LNXSF LANXESS Aktiengesellschaft	Downgrade	$28.00		Overweight ➝ Equal Weight	Low
9/14/2023	DAVA Endava	Boost Price Target	$55.00	$70.00 ➝ $72.00	Overweight ➝ Overweight	Low
9/14/2023	AMT American Tower	Lower Price Target	$169.00	$213.00 ➝ $212.00	Equal Weight ➝ Equal Weight	Low
9/13/2023	SLRN Acelyrin	Downgrade	$10.00	$39.00 ➝ $19.00	Overweight ➝ Equal Weight	Low
9/13/2023	MAKSY Marks and Spencer Group	Upgrade	$6.00		Equal Weight ➝ Overweight	Low
9/13/2023	SGHT Sight Sciences	Lower Price Target	$3.00	$8.40 ➝ $4.00	Equal Weight ➝ Equal Weight	Low
9/13/2023	KOTMY Koito Manufacturing	Downgrade	$15.00		Underweight	Low
9/13/2023	NIFCY Nifco	Upgrade	$13.00		Underweight ➝ Equal Weight	N/A
9/12/2023	DRTGF Jet2	Initiated Coverage	$14.00		Overweight	Low
9/12/2023	ACN Accenture	Boost Price Target	$312.00	$340.00 ➝ $356.00	Overweight ➝ Overweight	Low
9/12/2023	LVS Las Vegas Sands	Lower Price Target	$46.00	$70.00 ➝ $69.00	Overweight ➝ Overweight	Low
9/12/2023	MGM MGM Resorts International	Lower Price Target	$37.00	$46.00 ➝ $45.00	Equal Weight ➝ Equal Weight	Low
9/12/2023	WYNN Wynn Resorts	Boost Price Target	$90.00	$110.00 ➝ $113.00	Equal Weight ➝ Equal Weight	Low
9/12/2023	SCHYY Sands China	Downgrade	$31.00		Overweight ➝ Equal Weight	Low
9/12/2023	JPM JPMorgan Chase & Co.	Boost Price Target	$147.00	$173.00 ➝ $179.00	Overweight ➝ Overweight	Low
9/12/2023	WES Western Midstream Partners	Boost Price Target	$27.00	$34.00 ➝ $35.00	Overweight ➝ Overweight	Low
9/12/2023	ORCL Oracle	Boost Price Target	$109.00	$105.00 ➝ $106.00	Equal Weight ➝ Equal Weight	Low
9/11/2023	FMC FMC	Lower Price Target	$70.00	$110.00 ➝ $100.00	Overweight ➝ Overweight	Low
9/11/2023	RENT Rent the Runway	Lower Price Target	$1.00	$3.50 ➝ $1.00	Equal Weight ➝ Equal Weight	Low
9/11/2023	USM United States Cellular	Boost Price Target	$41.00	$27.00 ➝ $38.00	Equal Weight ➝ Equal Weight	Low
9/11/2023	TDS Telephone and Data Systems	Boost Price Target	$18.00	$15.00 ➝ $18.00	Equal Weight ➝ Equal Weight	Low
9/11/2023	SCWX SecureWorks	Lower Price Target	$6.00	$9.00 ➝ $8.25	Equal Weight ➝ Equal Weight	Low
9/11/2023	SBAC SBA Communications	Boost Price Target	$205.00	$308.00 ➝ $311.00	Overweight ➝ Overweight	Low
9/11/2023	RH RH	Lower Price Target	$271.00	$355.00 ➝ $340.00	Equal Weight ➝ Equal Weight	Low
9/11/2023	MCW Mister Car Wash	Lower Price Target	$6.00	$10.00 ➝ $7.00	Equal Weight ➝ Equal Weight	Low
9/11/2023	FRSH Freshworks	Boost Price Target	$20.00	$22.00 ➝ $24.00	Equal Weight ➝ Equal Weight	Low
9/11/2023	PEGRF Pennon Group	Lower Price Target	GBX 8	GBX 850 ➝ GBX 830		Low
9/11/2023	KT KT	Upgrade	$12.00		Equal Weight ➝ Overweight	Low
9/10/2023	TSLA Tesla	Upgrade	$256.00	$250.00 ➝ $400.00	Equal Weight ➝ Overweight	Low
9/8/2023	DOCU DocuSign	Boost Price Target	$42.00	$49.00 ➝ $51.00	Underweight ➝ Underweight	Low
9/8/2023	FDX FedEx	Boost Price Target	$262.00	$186.00 ➝ $200.00	Equal Weight ➝ Equal Weight	Low
9/8/2023	EQIX Equinix	Boost Price Target	$734.00	$725.00 ➝ $785.00	Equal Weight ➝ Equal Weight	Low