The Globe and Mail reports in its Tuesday, Feb. 13, edition that BMO analyst Ben Pham still rates Fortis "market perform." The Globe's David Leeder writes that Mr. Pham gave his share target a 50-cent trim to $58. Analysts on average target the shares at $58.07. Mr. Pham says in a note: "Q4/23 EPS results illustrate that earnings growth is coming back to the FTS story and risk to recent growth projects can be made up given the company's diverse footprint and local business model. Unfortunately, FFO/debt is still not in the sweet zone and S&P recently moved the goalposts from 10.5 per cent to 12 per cent making it difficult to build as much cushion as we previously expected. We believe opportunistic asset sales and ATM issuance could provide a catch-up." The Globe reported on July 31, 2021, that Mr. Pham had reaffirmed his "market perform" recommendation for Fortis. The shares were then going for $56.82. The Globe reported on Jan. 10, 2023, April 20, 2023, and Jan. 24, 2023, that Scotia Capital's Robert Hope rated Fortis "sector perform." The shares were then worth $58.96, $63.97 and $55.69. The Globe reported on Jan. 25, 2024, that Mr. Hope called Fortis a "go-to, core utility pick." It was then worth $53.64.