[ET Net News Agency, 21 February 2024] Morgan Stanley lowered the target price for
NagaCorp (03918) to HKD3.25 from HKD5.50 and downgraded the rating to "equal-weight" from
"overweight".
The research house said it thinks growth prospects for NagaCorp remain murky. Earnings
recovery in 1Q24 could stay muted. (RC)