4-Oct-2024 8:14 AM CST

Morgan Stanley has recently upgraded its outlook for several stocks, including Zions Bancorporation and U.S. Bancorp - Preferred Stock. The upgrades were made by analysts at Morgan Stanley, who believe that these companies have the potential to outperform their peers in the coming months.

The upgrades are part of a broader trend of positive sentiment towards financial stocks. According to recent reports from Morgan Stanley, several other banks and financial institutions also received upgrades or maintained their "buy" ratings. This suggests that investors remain optimistic about the performance of these companies despite current market volatility.

Morgan Stanley's analysts have identified 39 stocks that may face technical pressure due to tax loss selling in the coming months. These include names such as Rivian and Ford, which are expected to be affected by changes in investor sentiment. However, Morgan Stanley remains bullish on Tesla stock, citing its potential for growth.

The upgrades from Morgan Stanley have been welcomed by investors, who see them as a positive sign for the financial sector. With several other banks and financial institutions also receiving upgrades or maintaining their "buy" ratings, this suggests that investors remain optimistic about the performance of these companies in the coming months.