Evercore ISI Group Downgrades CenterPoint Energy to In-Line, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Durgesh Chopra downgraded CenterPoint Energy (CNP) from Outperform to In-Line but raised the price target from $29 to $30.
January 23, 2024 | 2:20 pm
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CenterPoint Energy was downgraded by Evercore ISI Group from Outperform to In-Line, although the price target was increased from $29 to $30.
The downgrade to In-Line suggests that Evercore ISI Group sees CenterPoint Energy performing on par with the market, which could temper investor enthusiasm. However, the increase in the price target to $30 indicates a belief in the company's potential to grow, which might offset negative sentiment from the downgrade. The net short-term impact on the stock price is likely to be neutral as the two actions could balance each other out.
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IMPORTANCE 75
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