Morgan Stanley Maintains Underweight on MGE Energy, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley maintains an Underweight rating on MGE Energy (NASDAQ:MGEE) but raises the price target from $63 to $68.
May 28, 2024 | 5:35 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on MGE Energy but raises the price target from $63 to $68.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The net impact is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100