Morgan Stanley Bullish on Keppel, Sees Electric Surge

Morgan Stanley Upgrades Keppel Corp to Overweight Amid Positive Electricity Market Outlook

In a significant market move, Morgan Stanley has upgraded Keppel Corporation (KEP:SP) from Equalweight to Overweight, setting a new price target of SGD8.18, up from SGD6.15. This adjustment reflects a growing confidence in Keppel Corp's financial trajectory and its strategic positioning within the electricity markets. The firm's analysis underscores a robust recovery in the energy sector, indicating that Keppel Corp is well-placed to capitalize on these evolving market dynamics.