Barclays raised the firm’s price target on Hawaiian Electric (HE) to $13 from $11 and keeps an Equal Weight rating on the shares. The company’s share outperformance has been driven by potential wildfire settlement approval, a positive Wildfire Recovery Fund Study, favorable convertible bond term expectations, S&P 600 inclusion, shareholder lawsuit settlement, and higher earnings expectations, the analyst tells investors in a research note.
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Read More on HE:
- Hawaiian Electric downgraded to Underperform from Hold at Jefferies
- Hawaiian Electric price target raised to $11 from $10 at Barclays
- S&P 600 adding thirteen companies at open on 12/22
- Hawaiian Electric price target lowered to $12 from $12.25 at Jefferies
- Hawaiian Electric’s Hold Rating: Balancing Progress with Uncertainty Amid Regulatory Challenges