Morgan Stanley has hiked the target price for Adani Ports to Rs 1,418 from Rs 1,415.The raised target price is based on Adani Ports' resilient business model and diversified cargo and geographical mix.Morgan Stanley forecasts Adani Ports' volume to grow by 13% in FY26, reaching 510 million tonnes.Adani Ports' well-diversified cargo mix and limited direct exposure to the USA contribute to its optimistic growth prospects.