Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $68
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 $70 to $68.
June 23, 2023 | 2:00 pm
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Morgan Stanley maintains an Underweight rating on MGE Energy and lowers the price target from $70 to $68.
Morgan Stanley's lowered price target for MGE Energy 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 could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100