In a recent analysis, Barclays has upgraded CenterPoint Energy (CNP, Financial), adjusting its previous stance from Underweight to Equal Weight. This new valuation comes with an increased price target of $37, a significant rise from the earlier target of $30.
The upgrade reflects CenterPoint Energy's adept handling of key regulatory challenges over the past three months, which were notably charged with political implications. Barclays believes that CenterPoint’s strategic actions have effectively balanced the company's risk and reward profile as it approaches its Q3 financial update.
