Morgan Stanley
Upgrade grade
B
Downgrade grade
A
Morgan Stanley, founded in 1935 by Henry Morgan and Stanley Osborn following the Glass-Steagall separation of commercial and investment banking, has grown into one of the world's most prominent financial institutions. Today the firm manages approximately $1.1 trillion in assets and employs over 85,000 people globally, with a commanding presence across investment banking, wealth management, and trading operations. Morgan Stanley's equity research team has produced nearly 30,000 analyst ratings on US companies in our database, with particular strength and recognition in covering financials, technology, healthcare, and consumer sectors, where their analysts are frequently cited as market-moving voices. The firm is distinctly known for its rigorous, data-driven research process and maintains an institutional culture that emphasizes independent thought, with its analysts historically willing to take contrarian positions that challenge consensus market views, a reputation that traces back decades of research independence even during periods of competitive pressure.
Upgrades
1,663
78.29% win rate
· avg +2.82% D1
Downgrades
1,779
78.75% win rate
· avg -3.00% D1
Avg Gap — Upgrades
+2.56%
open vs prev close
Avg Gap — Downgrades
-2.79%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 83.22% (304) | +2.94% | 81.48% (324) | -3.56% |
| Consumer Cyclical | 78.68% (258) | +2.46% | 79.04% (272) | -2.86% |
| Healthcare | 81.31% (198) | +6.03% | 83.13% (243) | -4.51% |
| Financial Services | 77.78% (198) | +1.95% | 78.82% (203) | -1.88% |
| Energy | 75.32% (158) | +2.20% | 66.88% (154) | -2.75% |
| Industrials | 79.47% (151) | +2.70% | 76.47% (153) | -2.11% |
| Consumer Defensive | 80.00% (90) | +3.29% | 89.29% (112) | -4.30% |
| Communication Services | 77.11% (83) | +3.07% | 81.05% (95) | -4.05% |
| Basic Materials | 68.67% (83) | +1.30% | 73.56% (87) | -1.73% |
| Real Estate | 79.49% (78) | +2.08% | 71.43% (77) | -1.38% |
| Utilities | 62.75% (51) | +0.20% | 77.36% (53) | -1.15% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | 80.0% | 55 | 79.1% | 67 |
| 2025 | 72.0% | 161 | 83.6% | 152 |
| 2024 | 81.0% | 147 | 80.4% | 148 |
| 2023 | 83.8% | 148 | 74.8% | 131 |
| 2022 | 76.6% | 124 | 80.0% | 185 |
| 2021 | 76.7% | 116 | 79.4% | 170 |
| 2020 | 68.9% | 209 | 69.8% | 149 |
| 2019 | 83.8% | 99 | 68.8% | 109 |
| 2018 | 80.0% | 125 | 85.1% | 121 |
| 2017 | 83.3% | 96 | 86.7% | 113 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 20, 2026 | NWL | Newell Brands Inc. | Consumer Defensive | Downgrade | Equal-Weight → Underweight | $4 | -2.8% | -0.6% |
| May 19, 2026 | KEP | Korea Electric Power Corporation | Utilities | Downgrade | Equal-Weight → Underweight | — | -0.5% | +1.7% |
| May 19, 2026 | XE | X-Energy, Inc. Class A Common Stock | Industrials | Initiates | Overweight | $41 | +2.9% | +4.6% |
| May 19, 2026 | HOG | Harley-Davidson, Inc. | Consumer Cyclical | Reiterates | Underweight | $15 | -0.6% | -4.1% |
| May 18, 2026 | NVDA | NVIDIA Corporation | Technology | Reiterates | Overweight | $285 | +2.0% | -1.3% |
| May 18, 2026 | YSWY | Yesway, Inc. | — | Initiates | Equal-Weight | $28 | -2.4% | -2.2% |
| May 18, 2026 | TSCDY | — | — | Initiates | Overweight | — | +2.8% | +3.5% |
| May 18, 2026 | NHP | National Healthcare Properties, Inc. (NHP) | Real Estate | Initiates | Equal-Weight | $16 | -0.9% | +1.2% |
| May 18, 2026 | MAKSY | — | — | Initiates | Overweight | — | +1.9% | +2.8% |
| May 18, 2026 | AMAT | Applied Materials, Inc. | Technology | Downgrade | Overweight → Equal-Weight | $502 | +1.1% | -5.3% |
| May 18, 2026 | LRCX | Lam Research Corporation | Technology | Upgrade | Equal-Weight → Overweight | $331 | +2.8% | -2.4% |
| May 15, 2026 | VIK | Viking Holdings Ltd | Consumer Cyclical | Downgrade | Overweight → Equal-Weight | $86 | -3.0% | -3.5% |
| May 15, 2026 | AEG | Aegon Ltd. | Financial Services | Downgrade | Overweight → Equal-Weight | — | +0.1% | +0.2% |
| May 15, 2026 | AARD | Aardvark Therapeutics, Inc. Common Stock | Healthcare | Downgrade | Equal-Weight → Underweight | $3 | -34.8% | -32.1% |
| May 14, 2026 | AIZ | Assurant, Inc. | Financial Services | Upgrade | Equal-Weight → Overweight | $285 | +4.7% | +4.2% |
| May 14, 2026 | DNNGY | — | — | Upgrade | Equal-Weight → Overweight | — | +0.2% | +2.7% |
| May 13, 2026 | AMTM | Amentum Holdings, Inc. | Industrials | Reiterates | Equal-Weight | $30 | +1.0% | -4.8% |
| May 11, 2026 | MNST | Monster Beverage Corporation | Consumer Defensive | Reiterates | Overweight | $100 | -1.5% | +0.1% |
| May 11, 2026 | ARXS | Arxis, Inc. Class A Common Stock | Industrials | Initiates | Overweight | $44 | +0.9% | +9.9% |
| May 8, 2026 | RXO | RXO, Inc. | Industrials | Downgrade | Overweight → Equal-Weight | $22 | +0.6% | -5.9% |
| May 8, 2026 | PLNT | Planet Fitness, Inc. | Consumer Cyclical | Downgrade | Overweight → Equal-Weight | $47 | -3.4% | +4.2% |
| May 8, 2026 | ENGN | enGene Holdings Inc. | Healthcare | Downgrade | Overweight → Equal-Weight | — | -0.6% | -12.8% |
| May 8, 2026 | APTV | Aptiv PLC | Consumer Cyclical | Upgrade | Equal-Weight → Overweight | $71 | +1.4% | +1.5% |
| May 7, 2026 | RELX | RELX Plc | Communication Services | Downgrade | Overweight → Equal-Weight | — | -3.5% | -4.4% |
| May 6, 2026 | VLY | Valley National Bancorp | Financial Services | Downgrade | Overweight → Equal-Weight | $15 | +0.2% | +0.1% |