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Fly News Breaks for January 7, 2019
OGE, CNP
Jan 7, 2019 | 08:30 EDT
As previously reported, Guggenheim upgraded CenterPoint Energy (CNP) to Buy from Neutral and raised its price target to $33 from $29. Analyst Shahriar Pourreza said CenterPoint has underperformed the utility sector and recommends a pair idea with OGE Energy (OGE), saying the valuation disconnect between the two presents a buying opportunity. The analyst said CenterPoint's higher organic growth and incremental growth opportunities post the Vectren deal provide upside.
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