Morgan Stanley Maintains Underweight on MGE Energy, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Underweight rating on MGE Energy but raised its price target from $66 to $71.
August 23, 2024 | 4:44 pm
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Morgan Stanley has kept an Underweight rating on MGE Energy, indicating a cautious outlook, but has increased the price target from $66 to $71, suggesting some positive expectations.
The Underweight rating suggests Morgan Stanley is cautious about MGE Energy's performance relative to the market. However, the increase in the price target from $66 to $71 indicates some positive expectations for the stock's future performance. This mixed signal may lead to a neutral short-term impact on the stock price as investors weigh the cautious rating against the higher price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100