CenterPoint Energy price target raised to $40 from $35 at Scotiabank

Scotiabank analyst Andrew Weisel raised the firm’s price target on CenterPoint Energy (CNP) to $40 from $35 and keeps an Outperform rating on the shares. While the firm appreciates the growing concerns investors have about downside risks to the economy, the firm sees CenterPoint as uniquely positioned and “appropriately conservative,” the analyst tells investors. The firm remains bullish on the stock