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Fly News Breaks for June 29, 2017
ITC, FTS
Jun 29, 2017 | 07:50 EDT
After meeting with ITC's (ITC) CEO, Wells Fargo reports that ITC thinks that the rate base growth of its base business "should be strong for the foreseeable future," Additionally, ITC expects strong transmission investment in the Midwest over the longer term in order to cope with the growth of renewable, and says that integration with Fortis "has been seamless, Wells reported. The firm continues to expect ITC to push Fortis' EPS growth higher "well into the 2020s," and it keeps an Outperform rating on Fortis.
News For FTS;ITC From the Last 2 Days
FTS
Apr 22, 2024 | 10:56 EDT
Scotiabank lowered the firm's price target on Fortis to C$56 from C$60 and keeps a Sector Perform rating on the shares.