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Analysts Are Bullish on Top Utilities Stocks: Cenovus Energy (CVE), NextEra Energy (NEE)

There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on Cenovus Energy (CVEResearch Report), NextEra Energy (NEEResearch Report) and Crew Energy (CWEGFResearch Report) with bullish sentiments.

Cenovus Energy (CVE)

BMO Capital analyst Randy Ollenberger maintained a Buy rating on Cenovus Energy today and set a price target of $25.00. The company’s shares closed last Tuesday at $14.40, close to its 52-week high of $16.02.

According to TipRanks.com, Ollenberger is a 4-star analyst with an average return of 7.9% and a 53.8% success rate. Ollenberger covers the Utilities sector, focusing on stocks such as Birchcliff Energy, Suncor Energy, and Imperial Oil.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cenovus Energy with a $18.51 average price target, a 26.9% upside from current levels. In a report issued on January 28, RBC Capital also maintained a Buy rating on the stock with a C$24.00 price target.

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NextEra Energy (NEE)

In a report released today, James Thalacker from BMO Capital reiterated a Buy rating on NextEra Energy, with a price target of $101.00. The company’s shares closed last Tuesday at $75.46.

According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 7.7% and a 77.4% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Centerpoint Energy, and Eversource Energy.

Currently, the analyst consensus on NextEra Energy is a Strong Buy with an average price target of $93.54, which is a 23.5% upside from current levels. In a report issued on January 26, Wells Fargo also maintained a Buy rating on the stock with a $102.00 price target.

Crew Energy (CWEGF)

In a report released today, Mike Murphy CFA from BMO Capital maintained a Buy rating on Crew Energy, with a price target of $4.50. The company’s shares closed last Tuesday at $2.63.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 17.7% and a 63.5% success rate. CFA covers the Utilities sector, focusing on stocks such as Gran Tierra Energy, Advantage Energy, and Parex Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crew Energy with a $3.76 average price target, representing a 33.8% upside. In a report issued on January 31, Stifel Nicolaus also maintained a Buy rating on the stock with a C$5.00 price target.

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