10:10:08 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 281,562,619
Close 2016-02-04 C$ 41.32
Market Cap C$ 11,634,167,417
Recent Sedar Documents

Globe says Kuske resets expectations for Emera, others

2016-02-05 06:27 ET - In the News

See In the News (C-EMA) Emera Inc

The Globe and Mail reports in its Friday edition that Credit Suisse analyst Andrew Kuske says it is time to reset expectations for Canadian infrastructure companies. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kuske says: "Companies with considerable direct and indirect exposure to crude oil on a fundamental basis have faced the greatest adjustments in our new framework. ... Simply, with Credit Suisse's energy commodity forecasts and the forward curve, we anticipate slowing growth rates beyond 2017 or 2018 and weaker valuations." Accordingly, Mr. Kuske made several target price changes. He hiked Emera ($45.87) to $54 from $50. Analysts on average target Emera at $50. He rates Emera "outperform." Mr. Kuske boosted Fortis ($41.32) to $46 from $44. Analysts on average target Fortis at $43.81. Mr. Kuske rates Fortis "outperform." The Credit Suisse analyst shaved his target on Keyera to $42 from $44. Analysts on average target the shares at $46.40. Mr. Kuske rates Keyera "neutral." Finally, he trimmed his target on TransCanada ($49.02) to $64 from $68. Analysts on average target TransCanada at $54.68. He rates TransCanada "outperform."

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