UPDATE: Jefferies Raises PT on NextEra Energy from $70 to $71

Jefferies maintained a Hold rating on NextEra Energy 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.