Morgan Stanley Downgrades CenterPoint Energy to Equal-Weight, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded CenterPoint Energy (NYSE:CNP) from Overweight to Equal-Weight and lowered the price target from $30 to $29.
July 17, 2024 | 10:31 am
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Morgan Stanley analyst Stephen Byrd downgraded CenterPoint Energy from Overweight to Equal-Weight and reduced the price target from $30 to $29.
The downgrade from Overweight to Equal-Weight and the reduction in the price target by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and the short-term stock price of CenterPoint Energy.
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