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Fly News Breaks for February 25, 2019
CNP, OGE
Feb 25, 2019 | 16:40 EDT
Goldman Sachs analyst Insoo Kim reinstated coverage of CenterPoint Energy (CNP) with a Buy rating and $34 price target. Prior to restricting coverage in April of 2018, Goldman had a Neutral rating eon the shares. The analyst sees upside to consensus estimates and the valuation given CenterPoint's "above-average" regulated utility growth and increased Vectren acquisition cost synergies. Kim also reiterated a Neutral rating on OGE Energy (OGE) after taking over coverage of the name.
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