# Morgan Stanley Buy Ratings on $HWM $TMO $ZTS

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Last modified: 2023-09-26

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By Shayne Heffernan · 2023-09-26
Tags: Stocks, Headline News, Shayne Heffernan, Shayne Heffernan, Todays Trade Ideas, Knightsbridge Insights, Most Popular, KXCO Guide
Signed: no (published before platform launch).
Nothing in this article is investment advice.

**Morgan Stanley Sees Value in Defensive Growth Stocks Despite Economic Uncertainty**

In a recent note to clients, Morgan Stanley chief U.S. equity strategist Mike Wilson said that the market is likely to trade in a "late cycle" manner, given the uncertainty about what's coming next. He recommended a barbell portfolio of defensive growth stocks and late-cycle cyclicals.

Defensive growth stocks are a type of stock that combines the defensive characteristics of traditional defensive sectors, such as healthcare and consumer staples, with the growth potential of high-growth sectors, such as technology and industrials. These stocks are often well-positioned to weather economic downturns and deliver consistent growth over the long term.

**Three Defensive Growth Stocks Morgan Stanley Buy Ratings**

**Howmet Aerospace (HWM)**: Howmet Aerospace is a global leader in advanced engineered solutions for the aerospace and defense industries. The company is well-positioned to benefit from the long-term growth of the aerospace industry, which is driven by factors such as rising air travel demand and increasing defense spending.

**Thermo Fisher (TMO)**: Thermo Fisher is a global leader in scientific research and laboratory equipment. The company serves a wide range of industries and sectors, and its products are essential for research, diagnostics, and manufacturing processes. Thermo Fisher is well-positioned to benefit from the long-term growth of the life sciences industry, which is driven by factors such as aging populations and increasing investment in drug discovery.

**Zoetis Inc. (ZTS)**: Zoetis is a leading global animal health firm. The company provides a wide range of veterinary medicines, vaccines, diagnostics, and other products for the care and welfare of animals. Zoetis is well-positioned to benefit from the long-term growth of the pet care industry, which is driven by factors such as rising pet ownership rates and increasing disposable incomes.

**Analysts Are Bullish on All Three Stocks**

All three of the Morgan Stanley picks have Strong Buy Ratings consensus ratings from analysts. Analysts believe that these stocks are well-positioned to deliver above-market growth in the years to come.

Shayne Heffernan

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