Market Overview

UPDATE: Morgan Stanley Downgrades NextEra Energy to Equal-Weight on Valuation

Related NEE
This Isn't Your Grandfather's Utilities ETFs
Top 4 NYSE Stocks In The Electric Utilities Industry With The Highest EPS
Zacks Industry Outlook Highlights: WEC Energy, Exelon, Pepco Holdings, NextEra Energy and Hawaiian Electric Industries (Zacks)

Morgan Stanley downgraded NextEra Energy (NYSE: NEE) from Overweight to Equal-weight and raised the price target from $68.50 to $73.50.

Morgan Stanley noted, "Despite NEE combining a low-risk utility with a well hedged merchant power business, we are moving to Equal-weight. Our change is driven by valuation, since shares outperformed the sector by 20%+ since 2012, leaving shares more fully valued and at a premium versus peers."

NextEra Energy closed at $71.31 on Wednesday.

Latest Ratings for NEE

Oct 2015Deutsche BankMaintainsBuy
Oct 2015JP MorganMaintainsNeutral
Sep 2015BarclaysMaintainsOverweight

View More Analyst Ratings for NEE
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (NEE)

Get Benzinga's Newsletters