NextEra Energy price target raised to $90 from $76 at JPMorgan

JPMorgan raised the firm’s price target on NextEra Energy to $90 from $76 and keeps an Overweight rating on the shares after having met with the President and CEO of NextEra Energy Resources Rebecca Kujawa at the firm’s Energy, Power & Renewables Conference. Following the move down post the company’s recent equity unit offering, the firm views NextEra shares as oversold and reiterates a bullish view, the analyst tells investors.