UPDATE: Morgan Stanley Lowers NRG Energy's PT

According to a research report published this morning, Morgan Stanley has lowered NRG Energy's (NYSE: NRG) PT from $30.50 to $28.50.

Morgan Stanley commented in the report, "NRG has been added to Morgan Stanley's Best Ideas list. We think it's well positioned to take advantage of improving fundamentals in Texas and can provide attractive LT cash flow in a bearish commodity price environment. Our new PT reflects LT nat gas at $4.50, down from $5.00; it offers 85% upside."

Morgan Stanley maintains its Overweight rating on NRG Energy, which is currently trading at $16.00.

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