Desjardins last night initiated coverage of Emera (EMRAF) with a Hold rating and C$62 price target The company has taken a “number of necessary” steps to de-lever and maintain its investment-grade balance sheet, the analyst tells investors in a research note. The firm sees “middle-of-the-pack” earnings growth for Emera and awaits regulatory clarity in Nova Scotia. It views the stock as fairly valued today.
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