MGE Energy price target lowered to $78 from $79 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on MGE Energy (MGEE) to $78 from $79 and keeps an Underweight rating on the shares. The firm is updating the price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In March, utilities outperformed the S&P’s return.