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

Mizuho raised the firm’s price target on CenterPoint Energy to $33 from $32 and keeps a Buy rating on the shares. The analyst says the 88th legislative session in Texas introduced several key pieces of utility legislation aimed at reducing regulatory lag, and have transformed the state into a premium jurisdiction for the Houston utility growth story. Texas’s “robust recovery mechanisms” support CenterPoint as one of the more attractive long-term growth stories, the analyst tells investors in a research note.