Raymond James upgraded NextEra Energy Partners to Outperform from Market Perform with a $60 price target. This is an opportunistic rating change following the stock’s steepest selloff since the early days of Covid, the analyst tells investors in a research note. The analyst says NextEra Energy Partners’ current yield of 7.0% is 290 basis points above the 10-year Treasury, a much wider spread than the long-term median of 170 basis points. The firm adds the stock “is not priced for perfection.”
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