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Fly News Breaks for February 28, 2020
CNP
Feb 28, 2020 | 09:50 EDT
Credit Suisse analyst Michael Weinstein upgraded CenterPoint Energy to Outperform from Neutral, calling it a "cleaner, more regulated, and more confident earnings growth story" after new senior management has reset guidance expectations for 2020 and beyond. Despite the upgrade, he has lowered his price target to $27 from $28 to account for lower forward estimates and lower peer utility valuations.
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