MGE Energy price target raised to $68 from $63 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on MGE Energy to $68 from $63 and keeps an Underweight rating on the shares. The firm is updating some of its price targets on Regulated & Diversified Utilities, noting utilities have outperformed the S&P’s -3.89% return by approximately 642 bps, the analyst tells investors.