Friday December 21, 05:14 PM
CenterPoint Energy "outperform," target price reduced - update
NEW YORK, December 21 (newratings.com) - Analyst C Kirst of Credit Suisse reiterates his "outperform" rating on CenterPoint Energy Inc (ticker: CNP). The target price has been reduced from $21 to $19.
In a research note published this morning,
the analyst mentions that a negative legal ruling is expected to result in a potential liability of $100 million, including interest. CenterPoint Energy (NYSE: CNP - news) is likely to appeal against the court ruling, the analyst adds. The company's stock has a total return potential of 15%, driven by robust EPS growth, according to Credit Suisse.© 2007 New Ratings
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