In a report published Friday, Morgan Stanley analyst Rajeev Lalwani reiterated an Equal-Weight rating on Northeast Utilities System NU, and raised the price target from $42.00 to $43.00.
In the report, Morgan Stanley noted, “At yesterday's analyst conference NU management continued to support an above-average EPS growth outlook and highlighted its execution on merger synergies and investment plans. Despite applying a premium P/E and forecasting EPS at the high-end of their guidance, we see the stock as fully valued particularly given some uncertainty around Northern Pass and transmission ROEs. Accordingly we remain comfortable with our Equal-weight rating.”
Northeast Utilities System closed on Thursday at $42.87.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in