Morgan Stanley analyst David Arcaro lowered the firm’s price target on CenterPoint Energy to $28 from $29 and keeps an Overweight rating on the shares as part of the firm’s December edition of its “Monthly Meter Reading” note on Regulated & Diversified Utilities. Electric multiples were up less than 1% and multiples for gas utilities were down 3% since the firm last refreshed its price targets, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CNP:
- CenterPoint Energy price target raised to $28 from $27 at Barclays
- CenterPoint Energy, Inc. to Host Webcast of Fourth Quarter and Full Year 2023 Earnings Conference Call
- The utility stocks to own in 2024, according to KeyBanc
- CenterPoint Energy price target raised to $31 from $29 at KeyBanc
- CenterPoint Energy price target lowered to $30 from $33 at Mizuho