JPMorgan upgraded Emera (EMRAF) to Neutral from Underweight with a price target of C$56, up from C$51. Last week’s investor day outlined a no surprises plan on the back of Tampa Electric’s rate case outcome, framed around majority Florida investment and with benefits of the company’s 2024 asset sales for balance sheet improvement, the analyst tells investors in a research note. The firm says Florida growth remains attractive.
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