Morgan Stanley Maintains Overweight on NextEra Energy, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Arcaro has maintained an Overweight rating on NextEra Energy (NYSE:NEE) but reduced the price target from $79 to $76.
November 21, 2023 | 2:47 pm
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Morgan Stanley has maintained its Overweight rating on NextEra Energy but lowered the price target from $79 to $76, indicating a positive outlook with a slightly reduced growth expectation.
While the Overweight rating suggests that Morgan Stanley continues to see NextEra Energy as a favorable investment, the reduction in the price target may reflect a minor adjustment in growth projections or market conditions. This news is likely to have a neutral short-term impact on the stock price as the positive rating is maintained, but the lower target could temper some investor expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100