Morgan Stanley updates its share price targets for the big 4 banks // Motley Fool Australia

Broker Morgan Stanley has updated its price targets for the big 4 banks following the quarterly reporting season. 

The banks have been standout performers among the S&P/ASX 200 Index (ASX: XJO) and a driving force behind the recent 9-month high for the index. 

Big 4 bank price updates 

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price target was raised from $19.40 to $21.90 with an overweight rating. The ANZ share price has been the best performing big four bank in the last week, running more than 6%. Its share price is currently just above the target price at $21.95. 

The Commonwealth Bank of Australia (ASX: CBA) share price target was raised from $62.00 to $68.50 and retains an underweight rating. The CBA…