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Morgan Stanley Remains a Buy on Qantas Airways Limited (QUBSF)

Morgan Stanley Remains a Buy on Qantas Airways Limited (QUBSF)

In a report released today, Andrew Scott from Morgan Stanley maintained a Buy rating on Qantas Airways Limited (QUBSF – Research Report), with a price target of A$12.00. The company's shares closed last Thursday at $6.78.
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Scott covers the Basic Materials sector, focusing on stocks such as James Hardie, Incitec Pivot , and Bluescope Steel . According to TipRanks, Scott has an average return of 6.9% and a 54.79% success rate on recommended stocks.
In addition to Morgan Stanley, Qantas Airways Limited also received a Buy from Goldman Sachs's Niraj Shah in a report issued yesterday. However, on the same day, Macquarie maintained a Hold rating on Qantas Airways Limited (Other OTC: QUBSF).
The company has a one-year high of $7.49 and a one-year low of $3.50. Currently, Qantas Airways Limited has an average volume of 5,797.
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