Barclays Maintains Underweight on CenterPoint Energy, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Underweight rating on CenterPoint Energy (NYSE:CNP) but increased the price target from $27 to $28.

January 22, 2024 | 2:02 pm
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Barclays has maintained an Underweight rating on CenterPoint Energy but raised the price target from $27 to $28.
While the Underweight rating suggests that Barclays analysts believe CNP may underperform the broader market or its sector, the increase in the price target indicates a slightly more positive outlook on the company's future share price. This mixed signal could lead to a neutral short-term impact on CNP's stock price as the market digests the implications of the rating and the revised price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100