BMO Capital analyst James Thalacker lowered the firm’s price target on NextEra Energy (NEE) to $77 from $84 and keeps an Outperform rating on the shares ahead of its Q1 results. The firm expects the focus for the earnings call to be on the risk of material changes to Inflation Reduction Act, cost implications of evolving trade tariffs and supply chain impacts, and the company’s widening credit spreads/financing plans, the analyst tells investors in a research note. BMO adds that its reduced price target reflects mark-to-market adjustment relative to peer group multiples.
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