Barclays initiated coverage of Hawaiian Electric (HE) with an Equal Weight rating and $10 price target The firm sees low rate base growth of 3%-4% and flat EPS growth warranting a discount, adding that it views the policy catalyst path as “critical to sustain an ongoing re-rating” as Hawaiian moves past legacy wildfire liabilities.
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 HE:
- Hawaiian Electric call volume above normal and directionally bullish
- Hawaiian Electric Releases Strategic Investor Presentation
- Hawaiian Electric sees ‘compelling strategic rationale’ for exiting banking
- Hawaiian Electric price target lowered to $10.50 from $11.50 at Jefferies
- Hawaiian Electric Sells Major Stake in American Savings Bank