CenterPoint Energy price target raised to $33 from $32 at Guggenheim

Guggenheim analyst Shahriar Pourreza raised the firm’s price target on CenterPoint Energy to $33 from $32 and keeps a Buy rating on the shares. Utilities have been material underperformers year-to-date compared to the broad markets and most names within the group are trading at discounted valuation levels, the analyst tells investors. Despite the sector’s underperformance, the firm maintains a neutral stance on the group.