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Fly News Breaks for July 2, 2019
CNP
Jul 2, 2019 | 05:28 EDT
Goldman Sachs analyst Insoo Kim added CenterPoint Energy to his firm's Americas Conviction List while keeping a Buy rating on the shares. The analyst upped his price target for the name to $32 from $31. The recent underperformance of CenterPoint shares "over-penalizes the company's robust utility growth profile" that comprises around 70% of consolidated earnings, Kim tells investors in a research note. The analyst expects the company to achieve 6.9% earnings growth through 2021.
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