Scotiabank Maintains Sector Perform on CenterPoint Energy, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel maintains a Sector Perform rating on CenterPoint Energy (CNP) and lowers the price target from $31 to $29.

April 22, 2024 | 5:51 pm
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NEGATIVE IMPACT
Scotiabank maintains a Sector Perform rating on CenterPoint Energy and lowers the price target from $31 to $29.
The reduction in price target by Scotiabank could lead to a negative short-term sentiment among investors, potentially causing a decrease in CNP's stock price. The maintenance of a Sector Perform rating indicates a neutral long-term outlook, but the lowered price target suggests concerns about the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100