Wall Street Analysts Are Bullish on Top Financial Picks

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Morgan Stanley (MSResearch Report) and Fairfax Financial Holdings (FRFHFResearch Report) with bullish sentiments.

Morgan Stanley (MS)

CFRA analyst Ken Leon reiterated a Buy rating on Morgan Stanley today and set a price target of $105.00. The company’s shares closed last Wednesday at $90.45.

Leon has an average return of 4.2% when recommending Morgan Stanley.

According to TipRanks.com, Leon is ranked #1984 out of 8376 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Morgan Stanley with a $98.80 average price target, implying a 13.4% upside from current levels. In a report issued on April 5, Evercore ISI also maintained a Buy rating on the stock with a $104.00 price target.

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Fairfax Financial Holdings (FRFHF)

In a report released today, Rupert Merer from National Bank maintained a Buy rating on Fairfax Financial Holdings, with a price target of C$1225.00. The company’s shares closed last Wednesday at $692.04, close to its 52-week high of $702.00.

According to TipRanks.com, Merer is a 3-star analyst with an average return of 3.9% and a 44.8% success rate. Merer covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Northland Power, and Atlantica Yield.

Currently, the analyst consensus on Fairfax Financial Holdings is a Strong Buy with an average price target of $824.77, implying a 20.4% upside from current levels. In a report released yesterday, BMO Capital also assigned a Buy rating to the stock with a C$1225.00 price target.

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