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Fly News Breaks for February 19, 2020
CNP
Feb 19, 2020 | 16:22 EDT
BMO Capital analyst James Thalacker initiated coverage of CenterPoint Energy with a Market Perform rating and $28 price target. The analyst is cautious on CenterPoint shares following a "tough" Texas rate case for its CEHE electric distribution utility and ongoing concerns about the company's credit metrics. He sees equity issuance and maintaining the balance sheet taking priority over earnings and dividend growth.
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