11:20 AM EDT, 10/15/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

MS is firing on all cylinders across all its major businesses. We raise our 12-month target price by $10 to $195 using a wider equity risk premium and a forward P/E of 17.0x our 2026 earnings estimate, near the five-year historic average at 16.8x and below the three-year average at 18.6x. We think capital markets and a resurgence in strategic M&A activity will lead to outsized revenue and earnings gains for MS for the rest of 2025 and 2026. We are increasing our 2025 EPS estimate by $1.10 to $10.30 and 2026's by $1.35 to $11.45, on projected total net revenue of $70.8B and $73.5B, respectively. Unlike commercial banks with net interest income (NII) at 55%-65% of total net revenue, MS comes out in the 24%-25% range in the first nine months of 2025. Thus, loan activity and lower net interest margins should impose less risk to MS's earnings. We think the catalyst for higher growth is transactional within trading and investment banking, and elevated equity markets benefit fee income.