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Morgan Stanley Sticks to Its Hold Rating for Centerpoint Energy (CNP)

Tipranks - Tipranks - Sat Feb 21, 7:48AM CST

Morgan Stanley analyst David Arcaro maintained a Hold rating on Centerpoint Energy today and set a price target of $39.00.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.0% and a 65.20% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E.

In addition to Morgan Stanley, Centerpoint Energy also received a Hold from Citi’s Ryan Levine in a report issued today. However, yesterday, TipRanks – Google reiterated a Buy rating on Centerpoint Energy (NYSE: CNP).

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Based on Centerpoint Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $264 million. In comparison, last year the company earned a revenue of $2.26 billion and had a net profit of $248 million

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