NextEra Energy downgraded to Neutral from Buy at Mizuho

Mizuho downgraded NextEra Energy to Neutral from Buy with an unchanged price target of $71 following the investor day. The NextEra Energy story “continues to be impressive,” but the growth is largely priced in to the stock at these levels, with limited incremental catalysts to take the stock higher, the analyst tells investors in a research note. Th firm says NextEra Energy trades at a 27% valuation premium to the utility peer group.