Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $61
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 $65 to $61.
October 25, 2023 | 12:36 pm
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Morgan Stanley has maintained an 'Underweight' rating on MGE Energy and lowered the price target from $65 to $61, which could negatively impact the stock's performance.
The 'Underweight' rating indicates that Morgan Stanley expects MGE Energy's stock to underperform compared to other stocks. The lowering of the price target from $65 to $61 suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100