Jefferies raises PT on CenterPoint Energy post investor day call

CenterPoint Energy

30/09/2025 13:26

** Jefferies raises price target on electric and gas utility CenterPoint Energy CNP.N to $45 from $44; reiterates "buy" rating

     ** New price target represents a 15% upside to the stock's last close

** Company hosted its investor day on Monday, where it announced plans for $65 billion in capital spending from 2026 through 2035

** "Based on CNP's track record, we are confident in that $10Bn+ capex materializing over time" - Jefferies

** Brokerage sees merits to further improvement in Houston Electric in the long-term

** It expects further growth due to new capex for 2027 and beyond

** 6 of 16 brokerages rate the stock "buy" or higher, 10 "hold"; median PT is $41.5 - data compiled by LSEG

** Up to last close, stock up 23.3% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))