The Globe and Mail reports in its Thursday, Jan. 25, edition that Scotia Capital analysts Andrew Weisel and Robert Hope see valuations for North American utility and power companies as "modestly attractive" heading into earnings season. The Globe's David Leeder writes that Mr. Hope has reaffirmed his "sector perform" recommendation for Fortis. Mr. Hope boosted his share target by $3 to $60. Analysts on average target the shares at $57.88. Mr. Hope says in a note: "Fortis remains a go-to, core utility pick for many investors given its track record, strong management team, and liquidity. In 2023, the company received clarity on several key rate cases, including those at UNS, FortisBC, and FortisAlberta, and as a result, there is limited regulatory risk in 2024 regarding rate cases. That said, there are some outstanding regulatory items, but, generally, we don't expect to see resolutions in the near-term. Overall, the base business is performing well, but relative valuation keeps us on the sidelines." The Globe reported on Jan. 10, 2023, April 20, 2023, and Jan. 24, 2023, that Mr. Hope had reaffirmed his "sector perform" recommendation for Fortis. The shares were then worth $58.96, $63.97 and $55.69.