UPDATE: Morgan Stanley Initiates Coverage on Pattern Energy on Solid Assets with Strong Growth
November 06, 2013 at 10:30 AM EST
In a report published Wednesday, Morgan Stanley analyst Stephen C. Byrd initiated coverage on Pattern Energy Group (NASDAQ: PEGI ) with an Overweight rating and $26.50 price target. In the report, Morgan Stanley noted, “We expect YieldCos like Pattern to be profitable consolidators in the power industry. Pattern's strong growth