Morgan Stanley News

BPCL while Morgan Stanley maintained an overweight rating on HDFC Bank. HSBC initiated a buy rating on IIFL Finance and Axis Securities recommended a buy on Hindalco Industries.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on oil & gas sector: BPCL, GAIL India Jefferies downgraded BPCL to underperform from hold and slashed the target price to Rs 310 from Rs 425 earlier. The global investment bank upgraded GAIL India to buy from underperform and raised the target price to Rs 136 from Rs 105 earlier. The company would be a beneficiary of high crude oil prices. Opec + production cuts and low US inventories are likely to keep oil prices elevated.Morgan Stanley on HDFC Bank: Overweight| Target Rs 2110 Morgan Stanley maintained an overweight rating on HDFC Bank with a target price of Rs 2110.

UBS might have put more and more people Credit Suisse people on the chopping block, but that doesn’t mean there isn’t room for fresh faces in the right departments. New people are joining just fine.

Santander isn't only hiringsenior investment bankers from Credit Suisse. It's also hiring senior rates sales professionals from Goldman Sachs.

To clarify from the start: if you work for HSBC in London or Hong Kong and you want the bank to pay for your nanny, it is not going to happen. Only some HSBC people get the nanny, and they are in India. But as perks make a comeback, it is something to aspire to.

Pernod Ricard, the world’s second-largest wines and spirits producer, has mandated two banks to conduct a strategic review of its Australia and New Zealand business which could lead to a sale process as early as next month, Street Talk can reveal.

BlackRock currently oversees $320bn in alternative investments, $156bn of which is in private markets.

Morgan Stanley was sued for at least $750 million by private equity firms that claim they were defrauded in a deal to invest in a credit agreement for a luxury high-speed rail line.

A father-and-son team of advisors who managed about $1.2 billion in assets at Morgan Stanley has joined LPL Financial’s model for supported independence, LPL Strategic Wealth Services.

When the Federal Reserve’s rate-setting committee sits down Tuesday and Wednesday, one thing it has to grapple with is that underlying inflation is looking cooler than it thought just a few months ago. Another: The economy is looking much stronger. The central bank’s policy makers will need to update the economic projections to reflect these changes.

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Stocks fell as traders took risk off the table ahead of a raft of policy decisions this week from the US, the UK and Japan. 

After a sharp stock rally this year on the back of resilient economic growth, investors now have a more negative outlook for risk assets in 2024, according to Morgan Stanley’s Michael Wilson.

Stock-market strategists who were largely wrong about this year’s rally are finally starting to come to face their mistake, raising year-end targets for the S&P 500 Index.

By Davit Kirakosyan

Cipla while InCred initiated coverage on Fusion Micro. Also, Morgan Stanley recommended an Equal Weight on Tata Steel, and DAM Capital initiated coverage with a buy rating on AU Small Finance Bank.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on Cipla: Buy| Target Rs 1420 Motilal Oswal maintained a buy rating on Cipla but raised the target price to Rs 1420 from Rs 1130 earlier.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Tesla, CVS, ImmunoGen, and Etsy, and a downgrade for DoorDash.

HSBC pays for bankers’ nannies in India for up to six years. Morgan Stanley allows pregnant staff to expense cab rides, and Citigroup Inc. lets new moms work from home for a year after their maternity leave runs out. Across India, global financial firms are expanding maternity benefits to include perks rarely seen elsewhere, part of an effort to attract and retain female employees. Overall, less than a quarter of adult women in India work, among the lowest rates in the world. “We will never become a developed country without women’s participation,” said Aditya Mittal, chief human resources officer of Citi India & South Asia. The bank last week announced that new moms will now have the option to work from home for up to a year after their paid leave ends.

public sector banks surged as much as 11% Friday, reflecting their robust potential in the current market environment where many other stocks are trading at elevated valuations, and also helped by speculation that JPMorgan Chase is poised to incorporate India's sovereign bonds into its indexes soon.UCO Bank stock surged 9% to close at Rs 40.4, while Indian Overseas Bank rose 7% to close at ₹39.5. Punjab National Bank and Central Bank of India gained 5% each. PSU banks are catching up on the valuations, and the discount between PSU and private banks could narrow further over the medium term, analysts said. «Broadly, the segment is at more than 50% discount to private peers,» said Kaushik Dani, fund manager — PMS at Abans Investment Managers.

Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc, a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with the matter said on Friday. Investment bank Morgan Stanley is advising CCC on its talks with potential acquirers, which include other buyout firms, the sources said, adding that no deal is certain.

The stock prices of Detroit automakers General Motors (NYSE:GM) and Ford (NYSE:F) have declined in pre-market trading Friday, while Stellantis (NYSE:STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.

Check out the companies making headlines before the bell.