Canadian Utilities Limited (CU:CA) — Scotiabank lowered its price target to C$53.00 from C$54.00. The target change represents a 1.9% decrease. Canadian Utilities operates electricity and natural gas infrastructure within the ATCO group. Looking ahead, investors will be watching the pace at which infrastructure investment adds to regulated earnings. Rate approvals, financing costs and execution on capital spending will be important in assessing the lower target.
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