Wells Fargo Upgrades NextEra Energy (NEE) to Outperform; Recent Dip Makes Shares Attractive

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Wells Fargo upgraded NextEra Energy (NYSE: NEE) from Market Perform to Outperform with a price target range $75-$76 (from $72-$73).

Analyst, Neil Kalton, said, "Our rating change is prompted by the recent weakness in NEE’s share price and reflects our increasing confidence in the company’s EPS outlook along with an attractive relative valuation. Our 2012-15E EPS remain $4.55, $4.90, $5.20 and $5.50."

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

Shares of NextEra Energy closed at $67.65 yesterday, with a 52 week range of $51.33-$72.22.

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