BMO Capital Maintains Outperform on CenterPoint Energy, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Thalacker has maintained an Outperform rating on CenterPoint Energy (NYSE:CNP) but lowered the price target from $34 to $30.
October 16, 2023 | 5:12 pm
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CenterPoint Energy's price target has been lowered from $34 to $30 by BMO Capital, though the Outperform rating is maintained.
The lowering of the price target by BMO Capital 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 upside for the stock, which could counterbalance the negative impact of the lowered price target.
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IMPORTANCE 80
RELEVANCE 100