FAIRLY VALUED: Berenberg analyst Eoin Mullany downgraded Morgan Stanley ($MS) to Hold from Buy with a price target of $95, up from $91, as he believes the shares are now fairly valued. At the start of 2021, Morgan Stanley was trading on 11.6 times consensus 2022 earnings, but since then, consensus 2022 earnings estimate have risen 23% and the stock has re-rated to 14.1 times estimates, Mullany told investors in a research note. As a result, Morgan Stanley "looks fully valued," the analyst added. ASSET CAP DRAG: Morgan Stanley analyst Betsy Graseck downgraded Wells Fargo ($WFC) to Equal Weight from Overweight with a price target of $46, down from $49. Following a new OCC consent order and comments from Fed Chair Jerome Powell that the bank's asset cap "will stay in place until the firm has comprehensively fixed its problems," Graseck is delaying her base case for the removal of the cap out to the fourth quarter of 2023 from a prior view of the third quarter of 2022. Also, she noted that Wells has been the top performing large cap bank stock year-to-date, rising 58%, and advocates taking "some money off of the table." PRICING POWER: Evercore ISI analyst Duane Pfennigwerth initiated coverage of UPS ($UPS) with an Outperform rating and $225 base case price target. The analyst believes parcel carriers have pricing power in an inflationary environment and argues that the change in management at UPS in June of 2020 catalyzed a "Better not Bigger" strategy with a focus on capital discipline, pricing and the company's relative strengths. Outside the U.S., UPS is sustaining superior international margins and should continue to have a favorable backdrop as the global supply chain urgency "remains high for air cargo," Pfennigwerth added. MORE UPSIDE: Gordon Haskett analyst Chuck Grom upgraded Macy's ($M) to Buy from Hold with a price target of $33, up from $24, after having hosted a series of meetings with the senior management including the CEO, CFO and Head of Investor Relations. After refining his model for both the third quarter and full year 2022 coming out of the meetings, the analyst thinks Macy's shares "have more upside" of potentially 30% from current levels. Even after a bounce of the stock's lows, Grom thinks the case can be made at Macy's for favorable upward earnings revisions and valuation support as the company continues to execute. BUY COINBASE: JMP Securities analyst Devin Ryan initiated coverage of Coinbase ($COIN) with an Outperform rating and $300 price target. The company is the "flagbearer" in the development of the broader crypto economy and should remain a leader in the industry for years to come, the analyst told investors in a research note. Ryan added that the hyper-growth experienced by Coinbase in recent years has reached a point of scale that creates competitive advantages.Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .