Morgan Stanley raised the firm’s price target on CenterPoint Energy to $30 from $29 and keeps an Equal Weight rating on the shares. In July, utilities outperformed the S&P’s +1.22% return by 560 bps, the analyst tells investors. The firm notes there are further hurricane risks ahead along with regulatory uncertainty in Texas.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNP:
- CenterPoint Energy price target lowered to $28 from $29 at Scotiabank
- Wells downgrades CenterPoint with ‘no end in sight’ to political backlash
- CenterPoint Energy downgraded to Equal Weight from Overweight at Wells Fargo
- Texas probes CenterPoint, Carlyle weighs Nobian sale: Monday Buzz
- Texas probes CenterPoint, Starbucks in talks with Elliott: Morning Buzz