NextEra Energy price target raised to $81 from $77 at BofA

BofA raised the firm’s price target on NextEra Energy to $81 from $77 and keeps a Neutral rating on the shares. The firm is optimistic the U.S. Power and Utilities sector will perform well through the remainder of the year due to the market typically taking a more defensive bias in the second half, prospects for rate cuts, and likely positive business updates during Q3 earnings reports, the analyst tells investors.