Goldman Sachs is More Positive on Morgan Stanley (MS)

Goldman Sachs raised estimates and its price target on Morgan Stanley (NYSE: MS) from $19 to $20 following Q4 results saying the company is showing signs of life amid market share gains and revenue growth. However, they are maintaining a Neutral rating.

Goldman increased estimates for 2012/2013 to $1.90/$2.25 from $1.80/ $2.15. They also introduce 2014 EPS estimate of $2.50.

"The combination of dampened expectations and a more sanguine outlook for 2012 by management on the conference call drove upside in MS shares following the 4Q earnings report, and we adjust our 2012 EPS estimates to include a solid credit-driven start the year, as well as positive commentary on 1Q to-date from both MS and peers," the firm commented. "Our enthusiasm is held in check, however, as the activity data we can observe on a daily basis has been fairly weak across most trading assets."

For an analyst ratings summary and ratings history on Morgan Stanley click here. For more ratings news on Morgan Stanley click here.

Shares of Morgan Stanley closed at $18.28 yesterday.

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