Market Overview

UPDATE: Morgan Stanley Reiterates on NextEra Energy on Additional YieldCo Upside

Share:
Related NEE
NextEra's Target Raised To $134 At Argus
Goldman Sachs' Top 9 Energy Stocks To Buy
Amid Friday's Stock Market Bloodbath, Which Income Plays Held Up Fine? (Investor's Business Daily)

In a report published Tuesday, Morgan Stanley analyst Stephen C. Byrd reiterated an Overweight rating on NextEra Energy (NYSE: 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.

Latest Ratings for NEE

DateFirmActionFromTo
Apr 2016MacquarieDowngradesOutperformNeutral
Mar 2016BarclaysMaintainsOverweight
Mar 2016Argus ResearchMaintainsBuy

View More Analyst Ratings for NEE
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Stephen C. ByrdAnalyst Color Price Target Analyst Ratings

 

Related Articles (NEE)

View Comments and Join the Discussion!