Morgan Stanley Maintains Overweight on Public Service Enterprise, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro has maintained an Overweight rating on Public Service Enterprise (NYSE:PEG) but lowered the price target from $63 to $61.

October 25, 2023 | 12:50 pm
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Morgan Stanley has maintained an Overweight rating on Public Service Enterprise but lowered the price target from $63 to $61.
The news is directly related to Public Service Enterprise (PEG). While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target might indicate a slightly less optimistic view on the stock's future performance. However, the impact is likely to be neutral in the short term as the rating remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100