Morgan Stanley has upgraded a raft of stocks to overweight — here are 5

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Morgan Stanley's analysts said one of the overweight-rated stocks is set to rise over 50%.

Despite the market volatility, Morgan Stanley upgraded a raft of stocks in March, including both U.S. and global picks. The bullish calls spanned tech, pharmaceuticals and more, with the bank giving one stock a double upgrade. Here are five of the stocks upgraded by the investment bank: Pinduoduo Morgan Stanley upgraded Chinese e-commerce giant Pinduoduo to an overweight rating in a Mar. 2 note, raising its price target to $113 — giving the stock 52% upside to its current level.

50, or 20% potential upside, in its note from Mar. 6. The bank said ACM should enjoy a strong year of growth in 2023, supported by "strong" market share gains and new product launches. It also expects business in Europe in power semiconductors to expand. Morgan Stanley added that the company's price power was "holding up quite well" and raised its 2023-2024 earnings-per-share estimates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Time to demand action from President Biden, he must declare a National Emergency and ban AR15s, ban ammunition until Congress passes a new Assault Rifle ban along with new age limits and other restrictions on guns. Use your influence. Make a difference

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Sell into rallies': Morgan Stanley names the stocks to navigate current European banking jittersMorgan Stanley strategists recommend 10 defensive stocks to own right now while selling European bank stocks 'into any material rally'. They probably forgot to add MorganStanley to the Sell list. Fully loathed with speculative assets Clown network
Source: CNBC - 🏆 12. / 72 Read more »