We're hiking our price target on Morgan Stanley despite a miss in a key business

We're hiking our price target on Morgan Stanley despite a miss in a key business
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In this photo illustration, the logo for E-Trade, the online trading platform owned by Morgan Stanley, is shown on the company’s website on May 13, 2024 in Chicago, Illinois. 

Scott Olson | Getty Images

Morgan Stanley on Tuesday reported second-quarter results that largely exceeded Wall Street expectations โ€” though weakness in one key segment warrants closer monitoring even as the stock shook off earlier declines.