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

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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
Sep 2016Deutsche BankDowngradesBuyHold
Jul 2016Deutsche BankMaintainsBuy
Apr 2016MacquarieDowngradesOutperformNeutral

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

 

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