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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App