Goldman Sachs maintains a Neutral rating on Cleco CNL but has increased the EPS on CNL for 2012/2013 from $2.45/$2.64 to $2.53/$2.67 to reflect 1Q11 and a slightly improved outlook.
In the report, Goldman Sachs said, "We update EPS estimates for Cleco Corp (CNL, Neutral), revising forecasts to reflect: (1) 1Q2011 earnings, where CNL beat expectations; (2) slightly improved outlook at Cleco Power due to modest capital spending and rate base changes; (3) continued growth of earnings for the Coughlin unit as output rises; and (4) a few cents ($0.02-$0.03) of annual corporate costs." The current price target on CNL is $35.00 and the current EPS is $2.35.
Cleco closed Friday at $34.88.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in