Market Overview

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

Share:
Related NEE
Fast Money Halftime Report Final Trade From February 18
More Details On The Google-NextEra Energy Wind Power Deal

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
Jan 2015JefferiesMaintainsHold
Jan 2015Deutsche BankMaintainsHold
Jan 2015BarclaysMaintainsOverweight

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→