Morgan Stanley Maintains Underweight on Entergy, Lowers Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an 'Underweight' rating on Entergy (NYSE:ETR) and lowered the price target from $102 to $94.
August 23, 2023 | 1:41 pm
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Morgan Stanley has maintained an 'Underweight' rating on Entergy and lowered the price target from $102 to $94, which could negatively impact the stock's performance.
The 'Underweight' rating indicates that Morgan Stanley expects Entergy's stock to underperform compared to other stocks. The lowering of the price target from $102 to $94 suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100