CenterPoint Energy initiated with a Buy at Jefferies

Jefferies initiated coverage of CenterPoint Energy (CNP) with a Buy rating and $42 price target The company’s regulatory clarity has improved with four constructive rate case settlements and a successful mobile gen asset transfer, the analyst tells investors in a research note. The firm says CenterPoint ‘s ability to navigate a “tricky” Texas political backdrop gives it more confidence in the shares. It sees a “compelling re-rating story” for the shares.