Morgan Stanley picks 6 ‘cheap’ stocks to buy

Analysts at Morgan Stanley have picked stocks that they believe are currently “cheap” and represent “quality at a reasonable price.”

In a research note titled “Any Cheap Cyclicals Left?” and focused on the travel and leisure sector, the bank said Monday that many stocks have the economic recovery priced into their valuations. Cyclical stocks are those whose performance tends to be in line with the economy.

But the analysts said several picks “stand out from our screens as looking cheap.”

Three of Morgan Stanley’s recommendations have a potential upside of at least 20% to the bank’s share price target in a best-case scenario.

The analysts’ 6 stock picks are: