BofA raised the firm’s price target on Fortis (FTS) to $49 from $46 and keeps an Underperform rating on the shares after rolling the firm’s valuation year forward to 2028. The firm expects Fortis to report Q4 operating EPS of C$0.85, up from C$0.80 in the prior-year quarter, supported by continued rate base growth and constructive execution, the analyst tells investors in a preview.
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