Raymond James Maintains Outperform on Fortis, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Quezada has maintained an 'Outperform' rating on Fortis (NYSE:FTS) but lowered the price target from C$65 to C$62.

August 04, 2023 | 2:02 pm
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Fortis' price target has been lowered from C$65 to C$62 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative impact.
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IMPORTANCE 70
RELEVANCE 100