FPL Group Inc. (FPL) Maintains Buy Rating

Argus maintained a Buy rating for FPL Group Inc. (NYSE: FPL) with a price target of $64. FPL reported a 5.5% increase in operating EPS for 2009 with consistent growth from its non regulated operations.

Argus believes that FPL Group has a strong and focused management team. The research firm expects future earnings growth to be aided by NextEra Energy Resources, the company’s non regulated operation. The company is rated strongly by credit rating agencies and has significant lines of credit available along with uninterrupted access to the commercial paper market. According to Argus, FPL with its limited risk profile and strong finances is an attractive Buy for investors.