BMO Capital lowered the firm’s price target on NextEra Energy to $68 from $77 and keeps an Outperform rating on the shares. The firm is adjusting its model with a mark-to-market of the stock to its peer group multiples while also updating its segment net debt outlook, the analyst tells investors in a research note.
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Read More on NEE:
- NextEra Energy initiated with an Equal Weight at Barclays
- NextEra Energy files automatic mixed securities shelf
- NextEra Energy price target raised to $85 from $84 at Wells Fargo
- NextEra Energy price target raised to $77 from $76 at BMO Capital
- NextEra Energy price target raised to $67 from $65 at Mizuho
