Credit Suisse Maintains Neutral on Fortis, Lowers Price Target to $60.5
Portfolio Pulse from Benzinga Newsdesk
Credit Suisse analyst Andrew Kuske has maintained a Neutral rating on Fortis (NYSE:FTS) and lowered the price target from C$61.5 to C$60.5.
August 24, 2023 | 7:07 pm
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NEUTRAL IMPACT
Credit Suisse has maintained a Neutral rating on Fortis and lowered the price target, which may impact the stock's performance.
The lowered price target by Credit Suisse may cause some investors to reassess their positions in Fortis, potentially leading to a change in the stock's price. However, the maintained Neutral rating indicates that the overall outlook for the company remains stable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100