UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on NextEra Energy on Additional YieldCo Upside

In a report published Tuesday, Morgan Stanley analyst Stephen C. Byrd reiterated an Overweight rating on NextEra Energy NEE, and raised the price target from $106.00 to $121.00. In the report, Morgan Stanley noted, “We are raising our price target for NEE, as we now see additional upside from the YieldCo option. Following our strategic analysis, we now expect NEE to form an MLP-like yield vehicle with incentive payments that further enhance value, with a formal announcement likely by the 2Q14 call.” NextEra Energy closed on Monday at $93.90.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan StanleyStephen C. Byrd
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!