The analyst rating for Standard Chartered PLC (STAN.L) is Overweight, as indicated by Morgan Stanley's research report. The reasons for this positive rating include:
1. Encouraging Start to 2026: The bank has shown strong business trends in the first quarter of 2026, continuing the momentum from the previous year.
2. Robust Wealth Management Performance: The wealth management business has performed well year-to-date, with net new fund inflows maintaining their momentum.
3. Recovery in Non-Recurring Income: There has been a rebound in non-recurring income from a weak fourth quarter of 2025, despite a higher year-over-year comparison base due to strong performance in the first quarter of 2025.
These factors contribute to Morgan Stanley's confidence in the bank's performance, leading to a target price of GBX1,865.
