10:38:51 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 274,565,587
Close 2014-11-19 C$ 38.79
Market Cap C$ 10,650,399,120
Recent Sedar Documents

Globe says Credit Suisse bullish on Fortis, others

2014-11-20 09:29 ET - In the News

Also In the News (C-BIP) Brookfield Infrastructure Partners LP
Also In the News (C-EMA) Emera Inc
Also In the News (C-ENB) Enbridge Inc
Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Thursday, Nov. 20, edition that Credit Suisse analyst Andrew Kuske upgraded his ratings on four infrastructure stocks to "outperform" from "neutral," believing that dividend growth is not yet fully priced into their share prices. The Globe's Darcy Keith, Tim Shufelt, Jody White and Sean Silcoff write in the Eye On Equities column that Brookfield Infrastructure Partners, Enbridge, Fortis and TransCanada were all given "outperform" ratings. Mr. Kuske raised targets on each: Brookfield to $46 (U.S.) from $42, Enbridge to $70 (Canadian) from $52 (Canadian), Fortis to $44 (Canadian) from $32 (Canadian) and TransCanada to $68 (Canadian) from $58 (Canadian). Mr. Kuske says, "The current low interest rate environment has resulted in valuation extremes in a historical context for certain yield-related entities." As a result, Mr. Kuske says investors should discern between "fixed income proxies that may be at the most risk in a rising rate environment versus stocks with attractively priced dividend growth potential." The analyst also increased his target price on Emera to $44 (Canadian) from $40 (Canadian) and maintained an "outperform" rating.

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