BMO Capital Downgrades CenterPoint Energy to Market Perform, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has downgraded CenterPoint Energy (NYSE:CNP) from Outperform to Market Perform and lowered its price target from $31 to $28.
August 02, 2024 | 9:17 am
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NEGATIVE IMPACT
BMO Capital has downgraded CenterPoint Energy from Outperform to Market Perform and reduced the price target from $31 to $28.
The downgrade from Outperform to Market Perform and the reduction in the price target from $31 to $28 by BMO Capital is likely to negatively impact CenterPoint Energy's stock price in the short term. Downgrades typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100