Emera price target raised to C$56 from C$51 at Wells Fargo

Wells Fargo raised the firm’s price target on Emera (EMRAF) to C$56 from C$51 and keeps an Equal Weight rating on the shares. The firm says that after several years of flattish earnings and balance sheet repair, the company’s analyst day “pointed to a brighter future.” It keeps a neutral rating on the shares due to valuation.