XPLR Infrastructure price target lowered to $10 from $11 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on XPLR Infrastructure (XIFR) to $10 from $11 and keeps an Underweight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. While the framework agreement for a Canadian crude oil pipeline project and oil sands carbon capture has been finally reached, there are several unknowns that remain, the firm adds.