Morgan Stanley Maintains Equal-Weight on NRG Energy, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on NRG Energy (NYSE:NRG) and increased the price target from $51 to $63.

March 26, 2024 | 3:59 pm
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Morgan Stanley has maintained an Equal-Weight rating on NRG Energy but raised the price target from $51 to $63.
The increase in price target by Morgan Stanley suggests a positive outlook on NRG Energy's stock, potentially leading to short-term price appreciation. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, but the raised target price signals analyst confidence in the company's potential to exceed previous expectations.
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IMPORTANCE 80
RELEVANCE 100