Morgan Stanley Maintains Underweight on Entergy, Lowers Price Target to $101
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on Entergy (NYSE:ETR) and lowers the price target from $103 to $101.
June 23, 2023 | 1:28 pm
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Morgan Stanley maintains an Underweight rating on Entergy and lowers the price target from $103 to $101.
Morgan Stanley's lowered price target for Entergy indicates a bearish outlook on the stock. The Underweight rating suggests that the analyst believes the stock will underperform compared to other stocks in the sector. This news may negatively impact Entergy's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100