Scotiabank raised the firm’s price target on CenterPoint Energy (CNP) to $30 from $28 and keeps a Sector Perform rating on the shares. Despite the distractions caused by Hurricane Beryl, the company is executing well both operationally and financially, the analyst tells investors. The firm is “cautiously optimistic” that the worst is behind for the company in terms of bad publicity and regulatory/earnings risks, and are bullish on its long-term opportunities.
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Read More on CNP:
- CenterPoint Energy Announces Q3 2024 Earnings Results
- CenterPoint Energy reports Q3 adjusted EPS 31c, consensus 32c
- CenterPoint Energy backs FY24 adjusted EPS view $1.61-$1.63, consensus $1.62
- CenterPoint Energy sees FY25 adjusted EPS $1.74-$1.76, consensus $1.73
- Centerpoint Energy Inc (CNP) Q3 Earnings Cheat Sheet