Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an 'Underweight' rating on MGE Energy (NASDAQ:MGEE) and lowered the price target from $67 to $63.
August 23, 2023 | 1:59 pm
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Morgan Stanley has maintained an 'Underweight' rating on MGE Energy and lowered the price target from $67 to $63.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for MGE Energy. The lowering of the price target from $67 to $63 suggests that the analyst expects the stock price to decrease in the short term. This could potentially lead to a negative impact on the stock's price.
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IMPORTANCE 80
RELEVANCE 100