NextEra Energy price target raised to $85 from $77 at Jefferies

Jefferies raised the firm’s price target on NextEra Energy (NEE) to $85 from $77 and keeps a Hold rating on the shares into Q3 earnings and the company’s analyst day on December 8. While the firm sees “an avenue” for 8% growth to extend well beyond 2030, it involves “above-average risk for only modestly better growth,” the analyst tells investors.