Morgan Stanley Maintains Equal-Weight on CMS Energy, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on CMS Energy (NYSE:CMS) and lowered the price target from $60 to $56.
October 25, 2023 | 12:15 pm
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Morgan Stanley has maintained an Equal-Weight rating on CMS Energy and lowered the price target from $60 to $56.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of CMS Energy in the short term as it indicates a lower expected value of the company's stock. The maintained Equal-Weight rating suggests that the analyst believes the company's stock is fairly valued.
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