Morgan Stanley Raises National Grid Price Target to 1,250 GBp from 1,225 GBp

Morgan Stanley analyst Sarah Lester raised the price target for National Grid to 1,250 GBp from 1,225 GBp and maintained an Overweight rating on the shares.

Morgan Stanley analyst Sarah Lester has increased the firm's price target for National Grid (NGG) to 1,250 GBP from 1,225 GBP, while maintaining an Overweight rating on the shares [1]. This upward revision comes amid a broader market trend of value and momentum stocks setting up for significant moves, as highlighted by CNBC's "Halftime Report Final Trades" [2].

The move by Morgan Stanley reflects a bullish outlook on NGG, suggesting that the company's fundamentals and growth prospects are stronger than previously anticipated. The Overweight rating indicates that the analyst believes NGG's shares are likely to outperform the broader market.

National Grid has been actively investing in its electric vehicle (EV) charging network, aiming to decarbonize its fleet. A £13 million investment will see 182 EV charging bays added across 83 substations and eight offices, totaling 444 chargers [3]. This expansion is part of the company's broader strategy to electrify its fleet and reduce carbon emissions.

The investment in EV charging infrastructure is expected to enhance operational efficiency and reduce travel time, thereby improving the speed of response to customers. The charger sites were selected based on the most frequently traveled routes by NGED workers, ensuring optimal coverage.

The updated price target by Morgan Stanley suggests that investors may find NGG an attractive opportunity, given its strategic investments in EV charging infrastructure and its commitment to decarbonization. However, it is essential for investors to conduct their own due diligence and consider their risk tolerance before making any investment decisions.

References:
[1] https://www.tipranks.com/news/the-fly/national-grid-price-target-raised-to-1250-gbp-from-1225-gbp-at-morgan-stanley-thefly
[2] https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46541619/morgan-stanley-netflix-cognex-and-an-energy-stock-cnbcs-final-trades
[3] https://businessmotoring.co.uk/national-grid-energy-distribution-grows-private-charging-network/