Wells Fargo Starts CenterPoint Energy (CNP) at Market Perform; Valuation Tempting, But Reflective of Risks

Wells Fargo initiates coverage on CenterPoint Energy (NYSE: CNP) with a Market Perform. PT range $19-$20.

Wells analyst says, "We are attracted to CNP's above-average EPS growth potential, no external financing needs and 4.3% dividend yield. Our Market Perform rating reflects uncertainty related to the midstream outlook and the use of cash...Our 11E-15E EPS are $1.14, $1.17, $1.25, $1.35 and $1.45, respectively."

For an analyst ratings summary and ratings history on CenterPoint Energy click here. For more ratings news on CenterPoint Energy click here.

Shares of CenterPoint Energy closed at $18.68 yesterday, with a 52 week range of $15.09-$21.47.

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