Morgan Stanley Maintains Underweight on MGE Energy, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Underweight rating on MGE Energy while raising the price target from $71 to $74.
September 25, 2024 | 4:13 pm
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Morgan Stanley has kept an Underweight rating on MGE Energy, indicating a cautious outlook, but has raised the price target from $71 to $74, suggesting some positive expectations.
The Underweight rating suggests a cautious stance by Morgan Stanley, indicating that the stock may underperform relative to others. However, the increase in the price target from $71 to $74 suggests some positive expectations for the stock's future performance. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100