Morgan Stanley: Raises Shanghai Electric (02727.HK) target price by 20% to HK$2.32, maintains "Underweight" rating.

Zhitong Finance APP has learned that Morgan Stanley released a research report stating that it has raised the target price for Shanghai Electric (02727.HK), with the H-share target increased from HK$1.93 to HK$2.32; the A-share target raised from RMB4.63 to RMB5.33, representing increases of 20% and 15% respectively. However, the bank maintained its "Underweight" rating, believing that the current valuation reflects excessive optimism, future growth potential is limited, and there is not much upside for the stock price.