Desjardins last night initiated coverage of Emera (EMRAF) with a Hold rating and C$62 price target The company has taken a “number of necessary” steps to de-lever and maintain its investment-grade balance sheet, the analyst tells investors in a research note. The firm sees “middle-of-the-pack” earnings growth for Emera and awaits regulatory clarity in Nova Scotia. It views the stock as fairly valued today.

Protect Your Portfolio Against Market Uncertainty

Discover companies with rock-solid fundamentals in  TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty,  delivered straight to your inbox.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on EMRAF:

Disclaimer & DisclosureReport an Issue

Emera initiated with a Hold at Desjardins Emera Announces Virtual Annual Shareholders Meeting for May 2025 Emera Announces CFO Transition to Boost Florida Operations

View Comments