UBS upgraded CenterPoint Energy (CNP) to Buy from Neutral with a price target of $37, up from $31. The firm sees the stock at an inflection point where the regulatory risks are moderating and a path forward on dealing with the mobile generation and Houston rate case issues is emerging. Following a contentious debate around the rate case withdrawal application, it appears the parties may be able to settle, the analyst tells investors in a research note. UBS says that is CenterPoint is able to file a settlement, it could “resolve a major hurdle in de-risking the story.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 raised to $34 from $28 at BMO Capital
- CenterPoint Energy price target lowered to $31 from $32 at Morgan Stanley
- CenterPoint Energy price target raised to $30 from $28 at Scotiabank
- CenterPoint Energy Announces Q3 2024 Earnings Results
- CenterPoint Energy reports Q3 adjusted EPS 31c, consensus 32c