Morgan Stanley Maintains Overweight on CenterPoint Energy, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on CenterPoint Energy (NYSE:CNP) but lowered the price target from $30 to $29.
August 23, 2023 | 1:14 pm
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CenterPoint Energy's price target has been lowered by Morgan Stanley from $30 to $29, while maintaining an Overweight rating.
The news is directly related to CenterPoint Energy as Morgan Stanley has lowered its price target for the company. However, the Overweight rating suggests that the firm still sees upside potential in the stock. This could lead to a neutral short-term impact on the stock price as the lower price target might be offset by the positive rating.
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IMPORTANCE 70
RELEVANCE 100