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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Read More on FTS:
- Fortis Inc. Reports Strong Q3 Growth and Investment Plans
- Fortis downgraded to Market Perform from Outperform at Raymond James
- Fortis Reports Earnings Boost and Unveils Major Capital Plan
- Fortis reports Q3 adjusted EPS C$0.85 vs. C$0.84 last year
- FTS Earnings this Week: How Will it Perform?
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