JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
On Thursday, Morgan Stanley (NYSE:MS) made a significant adjustment to its stance on Brighthouse Financial , Inc. (NASDAQ:BHF), upgrading the stock from Equalweight to Overweight. The firm also substantially increased the price target to $76.00, up from the previous target of $35.00, marking a 117% rise.
The upgrade comes as the analyst anticipates an earnings per share (EPS) upside resulting from the late fee rule preparatory actions. The revised outlook also reflects the assumption that the Consumer Financial Protection Bureau's (CFPB) late fee rule will not be implemented. These factors have contributed to a positive revision in the estimated EPS for the year 2026, which is now set at $10.05, a 22% increase from previous estimates.
Morgan Stanley's new price target is based on applying a 7.5 times target price-to-earnings (PE) ratio to the projected 2026 earnings. This valuation represents a discount compared to Synchrony Financial (NYSE:SYF), which is attributed to Brighthouse Financial's higher credit risk profile.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.