UPDATE: Jefferies Raises PT on NextEra Energy from $70 to $71
Jefferies maintained a Hold rating on NextEra Energy (NYSE: NEE) and raised its price target from $71 to $70.
Jefferies wrote, “NextEra reported adjusted 2Q earnings of $1.26, above consensus of $1.16, versus Jefferies estimate of $1.15 and $1.18 in the same period a year ago. Drivers for the quarterly improvement were increased earnings at the utility and the absence of a 2Q12 impairment charge at Energy Resources.”
NextEra Energy closed at $70.72 on Thursday.
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