Morgan Stanley (MS) Price Target Raised by $18

Group 1: Company Overview - Morgan Stanley (NYSE:MS) operates as a global financial institution, with businesses spanning investment banking, wealth management, and investment management [2]. Group 2: Price Target Update - Keefe Bruyette raised its price target on Morgan Stanley to $202 from $184 while maintaining a 'Market Perform' rating on the stock [2]. Group 3: IPO Involvement - Morgan Stanley is emerging as a leading contender for a significant role in SpaceX's anticipated initial public offering (IPO), leveraging its long-standing relationship with CEO Elon Musk [3][5]. - The IPO selection process, referred to as a 'bake-off,' involves a small group of banks, including Morgan Stanley, Goldman Sachs, and JPMorgan, competing for underwriting roles [4]. Group 4: Relationship with Elon Musk - Musk's relationship with Morgan Stanley spans at least 15 years, positioning the firm as a front-runner for the lead underwriting role, although no final decisions have been made yet [5].