The increase is driven by higher transmission investments at ITC and a higher forecast U.S. dollar-to-Canadian dollar exchange rate.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTS:
- FTS Upcoming Earnings Report: What to Expect?
- Fortis price target raised to C$69 from C$63 at JPMorgan
- Fortis price target raised to C$74 from C$72 at CIBC
- Fortis price target raised to C$73 from C$70 at Scotiabank
- Cautious Outlook for Fortis: Sell Rating Amid Limited Upside and Financial Challenges