10:28 AM EDT, 08/11/2025 (MT Newswires) -- Emera's (EMA) price target has been increased to C$62 from $60 with an unchanged Sector Perform rating at National Bank of Canada, according to a note released over the weekend.
The bank cited the bump to its DCF valuation for the company while tapping down its DDM yield to reflect the strengthened balance sheet.
National Bank also mentioned Emera's (EMA) further valuation upside related to the PGS allowable ROE decision, and the company's updated five-year capital plan to be unveiled in third quarter.
Emera (EMA) reported adjusted earnings $0.79 per share in the second quarter, beating the bank's forecast of $0.65 and the Street estimate of $0.63 on favorable weather in Florida, strong performance at Emera Energy, and lower corporate costs. National Bank also noted the company reaffirmed its $20 billion capital plan, underpinning a near 7-8% rate base CAGR through 2029.
Emera (EMA) traded down 1% at last look Monday on the TSX.
Price: 66.18, Change: -0.73, Percent Change: -1.09
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