Ameren price target raised to $76 from $69 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Ameren to $76 from $69 and keeps an Equal Weight 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.