Jefferies Alters Earnings On NextEra Energy (NEE)

Jefferies & Co. is changing its earnings on NextEra Energy, Inc.

after it reported earnings. It has a Buy rating and a $61 price target on shares. In a note to clients, Jefferies writes, "The company reaffirmed its projected 5-7% average annual increase in adjusted EPS through 2014 (from a base of 2009). We are reducing our 2010 and 2011 EPS estimates by $0.05 to $4.35 and $4.45, respectively. We are increasing our 2012 EPS estimate by $0.05 to $4.65." Shares of NEE lost $1.12 to close at $53.92 yesterday, a loss of 2%.