UBS upgraded CenterPoint Energy (CNP) to Buy from Neutral with a price target of $37, up from $31. The firm sees the stock at an inflection point where the regulatory risks are moderating and a path forward on dealing with the mobile generation and Houston rate case issues is emerging. Following a contentious debate around the rate case withdrawal application, it appears the parties may be able to settle, the analyst tells investors in a research note. UBS says that is CenterPoint is able to file a settlement, it could “resolve a major hurdle in de-risking the story.”
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Read More on CNP:
- CenterPoint Energy price target raised to $34 from $28 at BMO Capital
- CenterPoint Energy price target lowered to $31 from $32 at Morgan Stanley
- CenterPoint Energy price target raised to $30 from $28 at Scotiabank
- CenterPoint Energy Announces Q3 2024 Earnings Results
- CenterPoint Energy reports Q3 adjusted EPS 31c, consensus 32c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
