Market Overview

UPDATE: Morgan Stanley Lowers NRG Energy's PT

Related NRG
Apple Unveils Watch, Larger iPhones; Francesca's Shares Drop After Downbeat Results
Annie's Surges On Acquisition News; Pep Boys Shares Dip
Nissan to Offer Leaf Buyers Free Charging (Fox Business)

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.

Latest Ratings for NRG

DateFirmActionFromTo
Aug 2014JefferiesMaintainsBuy
Aug 2014Tigress FinancialInitiates Coverage onNeutral
Jul 2014JefferiesMaintainsBuy

View More Analyst Ratings for NRG
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (NRG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters