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Fly News Breaks for August 13, 2019
CNP
Aug 13, 2019 | 06:39 EDT
Barclays analyst Eric Beaumont upgraded CenterPoint Energy to Overweight from Equal Weight while lowering his price target for the shares to $31 from $33. While concerned about the company's move to pull 2020 guidance, the analyst sees the current price as reflecting overly negative outcomes for the Houston Electric rate case and the legacy Vectren rate case, along with consideration of merger synergies. Potential negative outcomes and sentiment are priced into the stock, Beaumont tells investors in a research note.
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