MS MORGAN STANLEY

BULLISH Impact: 4/10 ANALYST-UPGRADE
Processed 1mo ago SEC analyst-MS-ubs-20260407
UBS double upgrade: Neutral → Buy
Latest settled — T+20d
MS ▲ +12.38% at T+20d
LONG call ✓ call won +12.38% · α vs SPY +2.60% · entry $168.36 → $189.21
Next anchor: T+60d in 22d
Last close $212.24 (close Jun 8) · +26.07% from $168.36 entry
Entry anchored
Apr 6, 03:59 PM ET
via Databento tick
T+1d
+4.54%
call +4.54% · α +2.00%
$176.01
settled 2mo ago
T+5d
+8.61%
call +8.61% · α +3.28%
$182.85
settled 8w ago
T+20d
+12.38%
call +12.38% · α +2.60%
$189.21
settled 5w ago
T+60d
call — · α —
in 22d

Price Chart

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Executive Summary

UBS issued a double upgrade from Neutral to Buy on April 7, 2026, with a $196 price target, representing just 1.4% upside from the current $193.35. The call is contrarian relative to a divided consensus — 18 Buy ratings (8 Strong Buy, 10 Buy) vs 15 Hold, 0 Sell. UBS has a 75% accuracy rate on 4 calls, with a 6.1% average return, placing it in the top tier among covering firms. The mean target is $201.29, implying 4.1% upside, with a high of $230 and a low of $165. No other upgrades or downgrades occurred in the past 30 days, but EPS revisions are strongly positive: 19 up vs 1 down for the current fiscal year. Insider selling is heavy — four executives sold over $5.5M in the past week — diverging from the bullish analyst signal. Short interest is elevated at 56.8% of float, suggesting crowded bearish positioning. The next earnings report is due July 14, 2026, about 3 months away. Bottom line: UBS's double upgrade is a contrarian, high-accuracy call that diverges from insider selling and short interest, making it a high-signal event for active traders.

Impact Score

Base Score
1/7
LLM Adjustment
+3
Final Score
4/10

Consensus & Targets

Buy / Strong Buy
18 (55%)
Hold
15
Sell / Strong Sell
0
Total Analysts
21
Mean PT
$201.29
Median PT
$200.00
High PT
$230.00
Low PT
$165.00
Current Price
$193.35
Implied Upside
+4.1%

Consensus is 33 analysts: 8 Strong Buy, 10 Buy, 15 Hold, 0 Sell, 0 Strong Sell. That's 54.5% Buy-rated, 45.5% Hold, 0% Sell. The consensus is tilted bullish but with a large Hold contingent, indicating uncertainty.

Current price: $193.35. Mean target: $201.29 (4.1% upside). Median: $200 (3.4% upside). High: $230 (19.0% upside). Low: $165 (14.7% downside). UBS's $196 target is below the mean and median, ranking 14th out of 21 analysts — a conservative stance despite the upgrade.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-16 Barclays maintain Overweight $230.00
2026-04-16 RBC Capital reiterate Sector Perform $207.00
2026-04-16 Citizens reiterate Market Perform
2026-04-16 Wells Fargo maintain Equal-Weight $200.00
2026-04-16 Keefe, Bruyette & Woods maintain Outperform $218.00
2026-04-16 Goldman Sachs maintain Neutral $205.00
2026-04-16 B of A Securities maintain Buy $225.00
2026-04-07 UBS upgrade Buy $196.00
2026-04-06 Evercore ISI Group maintain Outperform $190.00
2026-03-10 JP Morgan maintain Neutral $179.00

No other upgrades or downgrades in the past 30 days — a quiet period. EPS revisions are strongly positive: 19 up vs 1 down for the current fiscal year, and 19 up vs 1 down for +1 year. Estimates are being revised higher across all periods, supporting the bullish thesis.

Firm Track Record — UBS

UBS accuracy: 55% on 5083 calls | avg return: 4.6%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
BMO Capital 100% 3/3 16.6% top tier
Jefferies 100% 3/3 18.4% top tier
RBC Capital 100% 3/3 10.8% top tier
JMP Securities 100% 5/5 18.1% top tier
Evercore ISI Group 86% 6/7 8.9% top tier
Goldman Sachs 86% 6/7 19.8% top tier
Citigroup 83% 5/6 12.4% top tier
Wells Fargo 75% 6/8 17.9% top tier
HSBC 75% 3/4 9% top tier
UBS 75% 3/4 6.1% top tier

UBS has a 75% accuracy rate on 4 calls with a 6.1% average return, placing it in the top tier. Best-performing firms: BMO Capital, Jefferies, RBC Capital, JMP Securities (all 100% on 3-5 calls). Worst: B of A Securities (50% on 4 calls, 0.1% avg return). UBS's track record is solid but not elite.

Earnings Estimates

Next earnings: Jul 14, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1y $12.72 $11.34 — $13.79 $81.2B ↑3 ↓0
0q $2.77 $2.48 — $3.02 $19.1B ↑2 ↓0
+1q $2.92 $2.65 — $3.25 $19.2B ↑2 ↓0
0y $11.86 $11.37 — $12.42 $77.4B ↑2 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 4 sells
Institutional
NORGES BANK — new
Institutional
NORGES BANK — exit (-100%)
Institutional
TWO SIGMA INVESTMENTS, LP — doubled (150.3%)
Short Interest
Short: 1,015,613 | Exempt: 2,497 | TRF Vol: 1,788,863 | Short Ratio: 56.8% | Off-exchange volume (dark pool + OTC)

Insider selling is heavy: four executives sold over $5.5M in the past week (April 16-20), including the CEO and CFO. No congressional trades. Institutional activity shows Norges Bank entering and exiting large positions, while Two Sigma doubled its stake. Short interest is 56.8% of float — extremely high, indicating bearish sentiment. The analyst upgrade diverges from insider selling and short interest, creating a potential contrarian squeeze setup.

Actionable Insight

UBS's double upgrade is a high-conviction contrarian call against heavy insider selling and extreme short interest. Traders should watch for a short squeeze if earnings (July 14) confirm the bullish EPS revision trend. The $196 target is conservative, so any upside surprise could trigger a rapid move toward the $200+ mean.

Documents Analyzed

Report based on filing metadata.

7 reports for MS
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for MS — sortable, filterable
Type Now
Jun 6, 2026
3d ago
ANALYST-UPGRADE
MIXED ★ 3/10
$168.36 $189.21▲ +12.38%▲ +2.60%$212.24 (+26.07%)
Jun 5, 2026
5d ago
Court Ruling
NEUTRAL ★ 2/10
$218.17 awaiting T+20awaiting T+20$212.24 (−2.72%)
May 31, 2026
9d ago
ANALYST-UPGRADE
BULLISH ★ 1/10
$162.76 $179.44▲ +10.25%▲ +7.39%$212.24 (+30.40%)
May 7, 2026
4w ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$168.36 $189.21▲ +12.38%▲ +2.60%$212.24 (+26.07%)
May 1, 2026
5w ago
ANALYST-UPGRADE
MIXED ★ 2/10
$162.76 $179.44▲ +10.25%▲ +7.39%$212.24 (+30.40%)
Apr 16, 2026
7w ago
Insider Cluster
MIXED ★ 6/10
$186.67 $193.83▲ +3.84%▼ −1.98%$212.24 (+13.70%)
Apr 16, 2026
7w ago
Insider Cluster
NEUTRAL ★ 5/10
$186.67 $193.83▲ +3.84%▼ −1.98%$212.24 (+13.70%)
Showing 7 of 7

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