Morgan Stanley Maintains Overweight on Public Service Enterprise, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro maintains an Overweight rating on Public Service Enterprise (NYSE:PEG) and lowers the price target from $70 to $68.
May 22, 2023 | 12:26 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on Public Service Enterprise (NYSE:PEG) and lowers the price target from $70 to $68.
Morgan Stanley's lowered price target for PEG may have a neutral short-term impact on the stock price. While the Overweight rating indicates a positive outlook, the reduced price target may cause some investors to reevaluate their positions. However, the overall sentiment remains positive, which is why the impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100