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Emera U.S. shares initiated with a Buy at BofA

BofA analyst Ross Fowler initiated coverage of Emera’s (EMA) U.S. shares with a Buy rating and $49 price target The firm now rates both Emera’s Canadian and U.S. listings with a Buy. Tampa Electric continues to drive the company’s quarterly performance as the largest earnings contributor, the analyst tells investors in a research note.

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