Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on MGE Energy (NASDAQ:MGEE) and lowers the price target from $68 to $65.
June 24, 2024 | 4:11 pm
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Morgan Stanley analyst Stephen Byrd maintains an Underweight rating on MGE Energy and lowers the price target from $68 to $65.
The Underweight rating and lowered price target from a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and the stock price of MGE Energy in the short term.
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IMPORTANCE 80
RELEVANCE 100