BMO Capital analyst James Thalacker lowered the firm’s price target on NextEra Energy (NEE) to $89 from $90 but keeps an Outperform rating on the shares. The firm rolls out its base valuation year to 2028 and adjusts its model with updated mark-to-market and sum-of-parts valuation, the analyst tells investors in a research note. BMO further cites the management’s Analyst Day indicating that the company is well-positioned to grow EPS at an 8% or more CAGR through 2035.
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