CIBC Adjusts Fortis Price Target to C$81, Maintains Outperformer Rating
CIBC has revised its price target for Fortis to C$81, reflecting positive expectations for the company's performance in the market.
Editorial Staff
1 min read
Updated 13 days ago
CIBC has announced an increase in its price target for Fortis, setting it at C$81. This adjustment suggests a favorable outlook for the company.
The analyst rating for Fortis remains at 'Outperformer,' indicating that CIBC expects the stock to perform better than the market average.
This revision comes as part of CIBC's ongoing assessment of Fortis's potential in the energy sector.