UBS Downgrades CenterPoint Energy to Neutral, Lowers Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Ross Fowler downgraded CenterPoint Energy (NYSE:CNP) from Buy to Neutral and lowered the price target from $33 to $30.
June 06, 2023 | 9:48 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CenterPoint Energy downgraded to Neutral by UBS, with a reduced price target of $30.
The downgrade from Buy to Neutral and the reduction in price target from $33 to $30 by UBS analyst Ross Fowler indicates a less optimistic outlook for CenterPoint Energy. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100