MGEE Maintained by Morgan Stanley -- Price Target Raised to $72.00

gurufocus.com · 2026-10-21

MGE Energy Inc. Analyst Rating Update On October 15, 2023, MGE Energy Inc. (MGEE) has been the focus of Morgan Stanley today, as analyst Stephen Byrd maintai

TickrTrends take: Morgan Stanley's decision to raise its price target for MGEE to $72 while maintaining its rating suggests the analyst sees room for appreciation from current levels, which aligns with TickrTrends' undervalued assessment for the utilities company. Given that the target increase comes without a rating change, investors focused on valuation should monitor whether the company's fundamentals continue to support this higher price target or if market conditions shift the analyst's conviction. For those tracking MGEE within the utilities sector, this maintenance combined with an upward target revision provides a data point to weigh against other valuation indicators.

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