CenterPoint Energy price target lowered to $32 from $33 at BMO Capital

BMO Capital lowered the firm’s price target on CenterPoint Energy to $32 from $33 and keeps an Outperform rating on the shares. The company will be a “key focus name” for Q2 as investors gauge the impact of Hurrican Beryl’s landfall, with the main issues being the initial estimate of the storm’s cost, the avenues of recovery and timing, and the financing considerations including those to support its credit metrics, the analyst tells investors in a research note.