Morgan Stanley Maintains Equal-Weight on Ameren, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Ameren (NYSE:AEE) and increased the price target from $80 to $82.
November 21, 2023 | 1:32 pm
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Morgan Stanley has maintained an Equal-Weight rating on Ameren and raised the price target from $80 to $82, indicating a positive outlook on the stock.
The increase in price target by Morgan Stanley suggests a positive sentiment towards Ameren's stock performance in the short term. While the Equal-Weight rating indicates that the stock is expected to perform in line with the sector or the overall market, the raised price target implies that Morgan Stanley sees some upside potential in the stock. This could lead to a positive investor reaction and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100