It’s pretty obvious that Morgan Stanley and Goldman Sachs have some of the best research teams ever.
So not only are they great brokerages, but they’re also amazing researchers. So when Morgan Stanley talks about Industrials and basic Materials, which they’re great at, it’s best we pay close attention.
And they’re favorably looking into Industrials subsectors right now…
In other words, they favor defensive quality stocks instead of growth sectors, which benefit from slipping interest rates. And they just gave away their top 5 industrial stock picks for fall 2021, so we need to talk about them now…
They even gave away price and profit targets, too.
Morgan Stanley Names Its Top 5 Industrial Stock Picks for Fall 2021
Textron Inc. (NYSE: TXT) is one of Morgan Stanley’s favorite industrial stock picks for fall 2021…
For those of you who don’t know, TXT is an American industrial conglomerate.
It’s actually one of the world’s best multi-industry leaders, well-known for powerful brands such as Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat and many more.
Now, Morgan Stanley called out TXT amid strong demand for its business jets, with takeoffs and landings reaching new historic highs. I mean, the aviation backlog duration is six to nine months, which puts the company in a sweet spot to flex its pricing power and high production rate.
And Morgan Stanley has a price target on the stock at $88 per share — that’s about a 24.5% increase from where it’s currently at right now.
So check out my short video below on Morgan Stanley’s favorite industrial stock picks for fall 2021 to learn the four other names we should start paying attention to right now…
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