What did Morgan Stanley change in the ENGGY analyst rating on Feb 24, 2026?

Morgan Stanley maintained an **Underweight** rating for Enagás on Feb 24, 2026 and raised the price target to **EUR 13** from **EUR 12**. The note kept the firm’s cautious stance despite the modest target increase.

How should investors interpret the ENGGY analyst rating of Underweight?

Underweight means Morgan Stanley expects Enagás to underperform peers or the market over 12 months. Investors should be cautious about adding new long positions and review position sizing and dividend stability for ENGGY.

Does the price target raise change the ENGGY investment case?

A **EUR 1** price target raise to **EUR 13** narrows downside risk but does not flip the investment case. The maintained Underweight shows concerns remain, so the raise alone should not trigger a buy decision for ENGGY.

Where can I find the original analyst note on ENGGY analyst rating?

The Morgan Stanley note and price target change were reported by The Fly on Feb 24, 2026. See the article on [The Fly](https://thefly.com/permalinks/entry.php/id4299642/4860286394/ENGGY-Enagas-price-target-raised-by-EUR--at-Morgan-Stanley) and visit the Meyka ENGGY page for aggregated coverage.

Analyst Ratings

Morgan Stanley Maintains Underweight on Enagás (ENGGY) Feb 24, 2026

ByHuzaifa Zahoor February 25, 2026February 25, 2026

Morgan Stanley on Feb 24, 2026 maintained an Underweight rating on Enagás, S.A. (ENGGY) while raising the price target to EUR 13 from EUR 12. The ENGGY analyst rating update came at 12:26 PM and shows a modest valuation tweak without a change to the firm’s negative stance. This note matters because it signals a cautious outlook amid regulatory and gas flow risks even as the bank lifts its target by EUR 1. Investors should weigh the maintained Underweight against the updated valuation and Enagás’s market metrics.