Morgan Stanley Maintains Underweight on MGE Energy, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an 'Underweight' rating on MGE Energy (NASDAQ:MGEE) and raised the price target from $63 to $65.
September 21, 2023 | 1:00 pm
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Morgan Stanley has maintained an 'Underweight' rating on MGE Energy and raised the price target from $63 to $65.
The news is directly related to MGE Energy as Morgan Stanley has maintained an 'Underweight' rating on the company and raised the price target. This suggests that the analyst believes the stock is overvalued compared to its peers. However, the increase in price target might indicate a slightly positive outlook, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100