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Fortis downgraded to Market Perform on valuation at Raymond James
The Fly

Fortis downgraded to Market Perform on valuation at Raymond James

Raymond James last night downgraded Fortis (FTS) to Market Perform from Outperform with an unchanged price target of C$61 following the “solid” Q3 report. The firm is balancing the company’s positive longer term opportunities with the recent strong performance in the stock. It cites valuation for the downgrade.

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