CenterPoint Energy initiated with an In Line at Evercore ISI

Evercore ISI initiated coverage of CenterPoint Energy (CNP) with an In Line rating and $42 price target The firm is constructive on the company’s growth potential given its attractive service jurisdiction and bullish on those able to provide the incremental transmission and distribution needed to support the energy infrastructure build out, but the current risk/reward looks balanced, the analyst tells investors in a research note. Evercore adds that while it believes CenterPoint possesses the ability to improve operating efficiencies, it would be seeking better entry points given current valuation levels.