【Citi Raises Morgan Stanley Target Price to $135, Maintains Neutral Rating】Jin十 Data, November 26, reports that Citi's research report indicates that Morgan Stanley's (MS.N) stock price has risen by 44% year-to-date, roughly in line with the KBW Bank Index (BKX.US), seeing tangible book value (TBV) multiples expand from 2.3 times to nearly 3 times, mainly due to optimistic expectations for a rebound in capital markets and capital relaxation under the final Basel III framework. The bank raises Morgan Stanley's target price from $105 to $135, maintaining a neutral rating. The bank keeps its earnings per share forecast for Morgan Stanley this year at $7.35, while raising next year's and 2026's earnings per share forecasts from $7.95 and $8.55 to $9.1 and $9.8, respectively. (Source: Jin十 Data)