Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on MGE Energy (NASDAQ:MGEE) and lowers the price target from $72 to $70.
May 22, 2023 | 12:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley maintains an Underweight rating on MGE Energy and lowers the price target from $72 to $70.
Morgan Stanley's decision to maintain an Underweight rating on MGE Energy and lower the price target from $72 to $70 indicates a negative outlook for the stock. This could lead to a short-term decrease in the stock price as investors may perceive the lowered price target as a sign of reduced growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100