This morning, Sterne Agee increased its price target on shares of E*Trade (NASDAQ:ETFC) to $19.50 as the company's capital deployment plan should benefit shareholders. With the higher price target, Sterne Agee reiterated its buy rating. Shares of E*Trade were lower on Wednesday, falling 1.6% despite the report.
Jefferies increased its price target on shares of Restoration Hardware (NYSE:RH) to $88 following a better-than-expected earnings last night. In the report, Jefferies noted that earnings could begin to accelerate sooner rather than later and reiterated its buy rating. Shares of Restoration Hardware were lower today, falling 4.6%.
And UBS upgraded shares of Morgan Stanley (NYSE:MS) from neutral to buy as the company's transition into a wealth manager will bring greater stability to earnings and growth. With the upgrade, UBS set a price target of $33. Shares of Morgan Stanley were flat on Wednesday, trading just above $28.
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