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Scotiabank Sticks to Its Buy Rating for Centerpoint Energy (CNP)

Tipranks - Tipranks - Sat Feb 21, 9:24AM CST

Scotiabank analyst Andrew Weisel maintained a Buy rating on Centerpoint Energy today and set a price target of $49.00.

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According to TipRanks, Weisel is a 4-star analyst with an average return of 8.4% and a 70.00% success rate. Weisel covers the Utilities sector, focusing on stocks such as Black Hills, NextEra Energy, and Vistra Corp.

In addition to Scotiabank, Centerpoint Energy also received a Buy from TipRanks – PerPlexity’s PerPlexity General Utilities in a report issued yesterday. However, today, Citi maintained a Hold 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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