By: Benzinga
January 17, 2013 at 12:35 PM EST
UPDATE: Morgan Stanley Downgrades NextEra Energy to Equal-Weight on Valuation
Morgan Stanley downgraded NextEra Energy (NYSE: NEE ) from Overweight to Equal-weight and raised the price target from $68.50 to $73.50. Morgan Stanley noted, "Despite NEE combining a low-risk utility with a well hedged merchant power business, we are moving to Equal-weight. Our change is driven by valuation, since shares
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