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 Hydro One. Mr. Hope boosted his share target by $5 to $40. Analysts on average target the shares at $38.88. Mr. Hope says in a note: "Hydro One features an attractive, low-risk, visible growth profile. On a relative basis, the shares were quite strong in 2023, and the company is now trading at a sizable premium to our entire North American utility coverage. We are forecasting 100 bps/110 bps of over-earning at its distribution/transmission assets in 2024, and continue to see the potential for incremental upside related to broadband investment and utility M&A. With its strong growth profile and easy to execute funding plan, we believe Hydro One should trade at a premium to its peers. That said, at recent levels, we view it as fairly valued." The Globe reported on Sept. 19 that Mr. Hope continued to rate Hydro One "sector perform." The shares could then be had for $36.19.