Morgan Stanley (SCAMley) raised their price target from $47-$103 today. That's insane. Can you believe that??
Where was Morgan when shares were BETWEEN $47 and $103 and WHY DO THEY WANT YOU TO BUY NOW with an OVERWEIGHT RATING?? Morgan wants the underwriting BIZ and they may want to generate liquidity so their cronies can dump shares onto the lemming longs who bought after the rally. FOOLS!
They should let GS handle any secondary. It is ridiculously unprofessional to be making a secondary at elevated, bubble price levels. If they did a secondary at $50-60 that will be ok. But Doing a secondary around $100 is unprofessional. This will become FB 2.0 for MS if they did that.
Yes, but it's clear that Morgan Scamley is probably the one to underwrite. Issuing an Overweight Rating at the END of a huge runup in share price and upgrading price target from $47 to $103 smacks of corruption (ulterior motives by the analyst's firm).
Not sure why you think "doing a secondary around $100 is unprofessional..."
In case you don't know, the underwriting biz is WELL KNOWN for pumping shares up with B.S. upgrades and hyped company press releases BEFORE the secondary to get share prices as high as they can.