Morgan Stanley named a host of stocks the firm says are best positioned heading into March. The Wall Street investment bank said that amid the market uncertainty, companies including Nvidia have more room to run. Other overweight-rated names screened by CNBC Pro include: Cummins, Grab Holdings, Nasdaq and Citigroup. Grab Holdings “Don’t miss the forest for the trees,” the firm said of the Singapore multinational tech company. Analyst Divya Gangahar Kothiyal said the stock is AI winner with a slew of positive catalysts coming up. “Recent trends & management engagement reinforce confidence that growth, margins & capital returns can compound together, rather than trade off,” she wrote. The firm is particularly bullish on the company’s wide array of business segments like fintech and grocery. “We think Grab’s innovative and diversified product suite across the affordability curve is driving user growth, increasing use cases, and expanding [total addressable market] in [on-demand services],” she said. Shares are down 15% this year. Investors should buy the dip, the firm added. Citigroup The banking giant is firing on all cylinders, according to Morgan Stanley. Analyst Manan Gosalia recently named the stock a top pick. Morgan Stanley expects a wide range of positive catalysts are ahead including robust revenue growth and buyback acceleration. The company’s May 7 investor day will be an important event, Gosalia said. “We expect Citi to raise their ROTCE target and outline a near term path above 10-11%, with mid-teens in sight by 2030,” he said. Shares are up almost 40% over the last 12 months and remain extremely attractive at current levels, Gosalia said. Cummins Shares of the multinational power generation company have plenty more room to run, analyst Angel Castillo and team said following the company’s recent earnings report. Morgan Stanley recently raised Cummins’ price target to $675 per share from $600 and said the stock remains a top pick. “CMI reported another strong earnings beat in 4Q25,” Castillo wrote. Shares are up 14% this year but the stock is too attractive to ignore, he said. “In this ‘shoot first, ask questions later’ market, however, we think this offers a rare buying opportunity for what we continue to believe is one of the more attractive investments in our space with multiple ways to win,” Castillo said. Grab “Don’t miss the forest for the trees. … Recent trends & management engagement reinforce confidence that growth, margins & capital returns can compound together, rather than trade off. … We think Grab’s innovative and diversified product suite across the affordability curve is driving user growth, increasing use cases, and expanding TAM in ODS.” Citi “At an attractive valuation of 1.0x ’27 TBVPS, Citi is now our Top Pick. … Making Citi (C, OW) our Top Pick as the bank executes on its turnaround:. … We expect Citi to raise their ROTCE target and outline a near term path above 10-11%, with mid-teens in sight by 2030.” Nasdaq “Feb 25 Investor Day addressed key debates & unpacked growth drivers that we think can help instill greater investor confidence in the path forward. Mgmt raised medium-term Solutions rev growth to 9-12% (from 8-11%). We step away with increased confidence that AI is an enabler of NDAQ’s business.” Nvidia “Stay OW; expect sentiment on AI investment to turn more positive. … We would continue to argue that the long term also looks pretty good, while conceding that the growth next year will still be somewhat capital markets driven.” Cummins “CMI reported another strong earnings beat in 4Q25. … In this ‘shoot first, ask questions later’ market, however, we think this offers a rare buying opportunity for what we continue to believe is one of the more attractive investments in our space with multiple ways to win.”
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Thursday, November 12
