B of A Securities Maintains Buy Rating for CenterPoint Energy: Here's What You Need To Know

B of A Securities has decided to maintain its Buy rating of CenterPoint Energy CNP and raise its price target from $30.00 to $35.00.

Shares of CenterPoint Energy are trading down 1.24% over the last 24 hours, at $30.33 per share.

A move to $35.00 would account for a 15.4% increase from the current share price.

About CenterPoint Energy

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in six states serving approximately 4 million customers.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.