Desjardins starts ‘consistent performer’ Fortis with a Hold

As previously reported, Desjardins analyst Brent Stadler initiated coverage of Fortis (FTS) with a Hold rating and C$70 price target The firm believes Fortis’ execution track record is positive and it expects “middle-of-the-pack” growth and believes there could be positive developments in Arizona, though it believes shares are fairly valued at current levels.