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Raymond James Reaffirms Their Buy Rating on Emera (EMA)

Tipranks - Tipranks - Wed Feb 25, 5:08PM CST

Raymond James analyst maintained a Buy rating on Emera today and set a price target of C$74.50.

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In addition to Raymond James, Emera also received a Buy from TD Cowen’s John Mould in a report issued today. However, on the same day, Desjardins maintained a Hold rating on Emera (NYSE: EMA).

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Based on Emera’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$2.11 billion and a net profit of C$247 million. In comparison, last year the company earned a revenue of C$1.8 billion and had a net profit of C$22 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EMA in relation to earlier this year.

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