Morgan Stanley Maintains Overweight on Sunnova Energy Intl, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco has maintained an Overweight rating on Sunnova Energy Intl (NYSE:NOVA) but reduced the price target from $25 to $24.

December 08, 2023 | 1:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley has maintained its Overweight rating on Sunnova Energy Intl but has lowered the price target from $25 to $24.
While the reduction in price target could suggest a slightly less bullish outlook or adjustment to market conditions, maintaining an Overweight rating indicates that Morgan Stanley still sees the company as a good investment relative to the sector. The impact on the stock price is likely to be neutral in the short term as the reduction is minimal and the positive rating is reaffirmed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100