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Fly News Breaks for October 9, 2019
NEE
Oct 9, 2019 | 07:37 EDT
Guggenheim analyst Shahriar Pourreza raised his price target on NextEra Energy shares to $250 from $230 after management meetings that he said have refined his view to be even more constructive on both its regulated and unregulated businesses. He sees top quartile growth outlook at the utilities and a strong project pipeline at the Energy Resources business, said Pourreza. Incremental growth items that were not reflected in his estimates include synergy upside from the merger of Gulf Power and FPL, equalization of the cap structure of the two utilities and incremental future growth from Florida infrastructure programs, said the analyst, who keeps a Buy rating on NextEra shares.
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