The initiation of coverage by Morgan Stanley with an Equal-Weight rating and a specific price target provides a neutral outlook for Idacorp. This suggests that the analyst sees the stock performing in line with the market or sector, without significant upside or downside in the short term. The price target of $92 indicates the analyst's expectation of where the stock price could head, but since it's an initiation with an Equal-Weight rating, the immediate impact on the stock price might be moderate.