KeyBanc analyst Sophie Karp raised the firm’s price target on CenterPoint Energy to $33 from $31 and keeps an Overweight rating on the shares. CenterPoint’s capital plan through 2030 supports a 10% RB compound annual growth rate, positioning the company to deliver in the upper half of its 6%-8% long-term EPS CAGR, the analyst says. Additionally, CenterPoint has incremental opportunities, including $500M associated with the recent system resiliency filing in Texas, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNP:
- CenterPoint Energy Q1 2024 Earnings Conference Call Details
- CenterPoint Energy still sees 2024 non-GAAP EPS $1.61-$1.63, consensus $1.62
- CenterPoint Energy reports Q1 non-GAAP EPS 55c, consensus 53c
- CNP Earnings this Week: How Will it Perform?
- CenterPoint Energy declares regular Common Stock dividend of $0.2000