B of A Securities Reinstates Neutral on CenterPoint Energy, Announces $29 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has reinstated a Neutral rating on CenterPoint Energy (NYSE:CNP) with a price target of $29.
September 12, 2024 | 5:29 pm
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NEUTRAL IMPACT
B of A Securities has reinstated a Neutral rating on CenterPoint Energy with a price target of $29, indicating a balanced view on the stock's potential.
The Neutral rating suggests that B of A Securities sees no strong reason to buy or sell CenterPoint Energy at this time. The $29 price target provides a benchmark for investors, indicating where the analyst believes the stock is fairly valued. This could lead to limited short-term price movement as the market digests this balanced outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100