NextEra Energy Partners price target raised to $33 from $31 at CIBC

CIBC analyst Mark Jarvi raised the firm’s price target on NextEra Energy Partners to $33 from $31 and keeps an Outperformer rating on the shares. The Q3 results and outlook update show NextEra Energy Partners wants to sustain its revised dividend growth target and believes it can weather the recent selloff, the analyst tells investors in a research note. However, the firm says the company still carries elevated risk given its near-term funding and buyout obligations that depend on the successful sale of pipeline assets.