National Bank Financial Upgrades Canadian Utilities Price Target

National Bank Financial has raised its price target for Canadian Utilities (TSE:CU) from C$51.00 to C$55.00, according to a research note issued on Thursday by BayStreet.CA.

The firm currently maintains a 'sector perform' rating on the stock, indicating a potential downside of 2.60% from the stock's previous close.

This is not an isolated upgrade, as several other equities analysts have also recently commented on Canadian Utilities, including Royal Bank Of Canada and Canadian Imperial Bank of Commerce.