CIBC Raises Fortis (FTS) Price Target to C$81, Reiterates Outperformer [Yahoo! Finance]
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
fortisinc.com/investor-relations/investor-relations
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Source: Yahoo! Finance
On April 20, CIBC raised its price recommendation on Fortis Inc. (NYSE:FTS) to C$81 from C$80. It reiterated an Outperformer rating on the shares. On April 9, BofA analyst Ross Fowler raised the firm's price goal on FTS to $53 from $51 and kept an Underperform rating. The firm left its FY26, FY27, and FY28 EPS estimates unchanged and pointed to updated peer group multiples as the reason for the higher target. During the Q4 2025 earnings call, David Hutchens, President and Chief Executive Officer of Fortis, said the company had introduced its largest five-year capital plan to date, totaling $28.8 billion. He noted that the plan is expected to support long-term rate base growth of 7% and annual dividend growth of 4–6% through 2030. Hutchens also said the company remains focused on providing safe, reliable, and affordable energy in the near term. At the same time, it plans to invest in its systems to meet changing customer and community needs. Fortis Inc. (NYSE:FTS) is a Canada-
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FTS
News
- Fortis (FTS) had its "outperform" rating reaffirmed by Canadian Imperial Bank of Commerce.MarketBeat
- Fortis (FTS) was upgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=FTS&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "sell" to "hold".MarketBeat
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FTS
Earnings
- 2/12/26 - Beat
FTS
Sec Filings
- 4/24/26 - Form SCHEDULE
- 4/8/26 - Form 6-K
- 3/30/26 - Form 6-K
- FTS's page on the SEC website