Ukraine’s Universal Bank Hires Morgan Stanley for Investor Talks

Evoke, the owner of William Hill and 888, is contemplating a sale or breakup of its operations following a significant £135 million impact from recent tax increases announced in the UK budget. The company's value has plummeted over 90% since acquiring a chain of 1,400 bookmakers, prompting the need for strategic reassessment.

Morgan Stanley has lowered its stock price target for JPMorgan to $331, citing rising expenses as a primary factor influencing this decision. This adjustment reflects concerns about the bank's financial outlook amid increasing operational costs projected to rise by $9 billion in 2026.

Morgan Stanley has adjusted its stock rating for Tesla, downgrading it to equal weight while simultaneously increasing the price target from $410 to $425. This decision presents a complex scenario for investors, as it suggests a cautious stance despite a higher valuation.

Morgan Stanley has raised its stock price target for Descartes to $110 following a strong performance in the third quarter, reflecting confidence in the company's growth trajectory. This adjustment indicates a positive outlook based on the company's financial results and market position.