Morgan Stanley�s Performance Leads Morningstar to Boost Fair Value Estimate
Update: 2025-10-09
Description
Narrow-moat Morgan Stanley’s 2020 earning have held up better than expected…….and Morningstar’s increasing our fair value estimate to $56 per share from $49.This implies a forward price/earnings ratio of 11 times and a price/tangible book ratio of 1.3 times.Of the net $7 increase in our fair....
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