Keep buying these top stock picks in October, Morgan Stanley says

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Keep buying these top stock picks in October, Morgan Stanley says

This is the hidden content, please

• Sign In
• or
• Sign Up

. Meanwhile, Thermo shares have plenty more room to run, Savant wrote. The stock is up nearly 13% in 2024. “Scale, unique value proposition, M & A optionality & best-in-class resiliency/********** keep us at OW/Top Pick,” he said. M & T Bank There are several positive catalysts ahead for the Buffalo-based regional bank, according to analyst Manan Gosalia. After a series of recent management meetings, the analyst says M & T is a top idea. “MTB is approaching the sweet spot of improving credit metrics, solid loan growth, lower funding costs and accelerating capital return,” he wrote. In addition, Morgan Stanley sees a “significant runway” for higher margins as the Federal Reserve continues its rate-cutting cycle. That will also help M & T’s commercial real estate (CRE) loan book, the bank noted. “Lower rates will drive down criticized CRE, removing a key investor concern in addition to helping lower capital requirements and improve credit ratings,” Gosalia said. The stock is up 30% this year, but he thinks the stock is still priced far from perfection. “MTB is approaching the sweet spot for earnings growth and multiple re-rating,” Gosalia and his team said. Thermo Fisher “A classic TMO [analyst day] w/ consistency of messaging providing reassurance on sector ownability into ’25. … Scale, unique value proposition, M & A optionality & best-in-class resiliency/********** keep us at OW/Top Pick. … While ******** growth ******** muted, a recovery to 10% ******** on the cards aided in part by the multi-year stimulus.” Lineage “Reiterate OW & top pick. … We viewed this to be one of the most bullish comments of the meeting & suggests multiple avenues of upside to a solid mid-single digit growth ‘floor’, through both internal & external growth. … With ~33% market share in the U.S. and ~12% market share globally, we see LINE as the acquirer of choice, with the potential for $500mn-$1bn of acquisitions annually for the next 3-5 years in addition to future development opps.” Taiwan Semiconductor “Our top pick; still in a fast growth stage: Although not official guidance, at a recent broker conference management did mention that the company can probably ‘directionally’ keep its 15-20% revenue CAGR in the coming five years. That is echoed by its recent strong capacity expansion, shared by its equipment supply chain. We think promising long-term growth with [****** margin] expansion makes the stock’s 18x P/E on 2025e EPS even more attractive among ****** semis.” M & T Bank “MTB is approaching the sweet spot of improving credit metrics, solid loan growth, lower funding costs & accelerating capital return … Lower rates will drive down criticized CRE, removing a key investor concern in addition to helping lower capital requirements & improve credit ratings. … Significant runway for [net interest margin] expansion as the Fed cuts rates. … MTB is approaching sweet spot for earnings growth & multiple re-rating.”

This is the hidden content, please

• Sign In
• or
• Sign Up

#buying #top #stock #picks #October #Morgan #Stanley

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up