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StocksUpdated×3•Originally published 27 April 2026•Updated 28 April 2026•
1 min read

Morgan Stanley Adjusts Price Targets for Thermo Fisher, NetApp, Kroger, and Huntington

Key Facts

1Morgan Stanley adjusted the price target for Thermo Fisher Scientific from $670 to $620.
2The bank maintained an Overweight rating on the stock despite the price target reduction.

Morgan Stanley has expanded its series of price target revisions to include the banking and utility sectors, lowering its target for U.S. Bancorp (USB) to $64 from $65 while maintaining an Equalweight rating. The bank also adjusted its price target for Sempra (SRE) slightly downward to $104 from $105, keeping an Overweight rating. These updates follow the bank's decision to reiterate an Equalweight rating for Pfizer (PFE) at $28.00 following exclusivity extensions for Vyndamax. Previously, the bank raised its target for Kroger (KR) to $73, while lowering targets for Thermo Fisher (TMO) to $620 and NetApp (NTAP) to $88. These revisions reflect a broader recalibration of valuation models to account for shifting dynamics across healthcare, technology, and financial services.