Morgan Stanley Maintains Overweight on CenterPoint Energy, Lowers Price Target to $28
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 $29 to $28.
October 25, 2023 | 12:14 pm
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CenterPoint Energy's price target has been lowered from $29 to $28 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about CenterPoint Energy. While the lowered price target might suggest a slightly less optimistic outlook, the maintained Overweight rating indicates that Morgan Stanley still sees the stock as a good investment. This could have a neutral impact on the stock's price in the short term.
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