The Latest Breaking News from Morgan Stanley

Apple Inc's (NASDAQ: AAPL) App Store saw an acceleration in net revenue growth in March, up 7% year-over-year, below the firm's estimates, Morgan Stanley said.

Someone with a lot of money to spend has taken a bullish stance on Morgan Stanley (NYSE:MS). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Analysts slashed their price target on PVH Corp (NYSE:PVH) following the company's Q4 results. Citi analyst Paul Lejuez lowered the price target to $94 from $105 and kept a Neutral rating on the shares, implying a 21% upside. The analyst noted, though the company delivered strong Q4 earnings, the business remains choppy in the…

The hardware industry is at risk of losing market share to other technology sub-industries due to greater macro uncertainty, “leaving us incrementally more cautious on the group in 2022,” according to Morgan Stanley.

Upgrades

Morgan Stanley analyst Erik Woodring downgraded Dell Technologies Inc (NYSE:DELL) to Equal Weight from Overweight with a price target of $60, down from $66 (10.5% upside).  The analyst noted that the 2022 outlook for data center infrastructure is strong, but cracks are occurring in the PC outlook. Woodring noted the valuation is likely to be…

Truist has lowered the price target on IGM Biosciences Inc (NASDAQ:IGMS) to $74 from $80. The analyst Asthika Goonewardene says that the lower price target reflects the Company's Q4 results, deal financials, and increased cost to IGM Biosciences in its Sanofi SA (NASDAQ:SNY) collaboration deal.  Related: IGM Biosciences Shares Surge After Oncology / Immunology Pact With Sanofi.…

Robinhood Markets, Inc. (NASDAQ: HOOD) shares rallied Tuesday after the trading app announced an extension of trading hours for customers.

Morgan Stanley (NYSE:MS) has outperformed the market over the past 5 years by 2.08% on an annualized basis producing an average annual return of 16.41%. Currently, Morgan Stanley has a market capitalization of $161.91 billion.