tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

CIBC upgrades Fortis to Outperformer on attractive risk/reward

CIBC upgraded Fortis (FTS) to Outperformer from Neutral with an unchanged price target of C$70. The firm cites valuation for the upgrade as it sees an attractive risk/reward at current share levels. Fortis offer earnings upside potential from pending rate case outcomes at Central Hudson and Tucson Electric Power, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1