UPDATE: Morgan Stanley Reiterates On SCANA Corporation As Concerns Around New Nuclear Facility Are Unlikely To Abate

In a report published Friday, Morgan Stanley analyst Stephen C. Byrd reiterated an Equal-Weight rating on

, but lowered the price target from $55.00 to $53.00. In the report, Morgan Stanley noted, “While higher potential costs for its new nuclear facility are not a surprise and incorporated in our valuation, we believe on-going uncertainty on costs and recovery will leave SCG at a steep discount.” SCANA Corporation closed on Thursday at $48.77.