Fortis Inc. (FTS:CA) — Scotiabank lowered its price target to C$78.00 from C$81.00. The target change represents a 3.7% decrease. Fortis operates regulated electric and gas utilities in Canada, the United States and the Caribbean. Looking ahead, investors will be watching the conversion of capital spending into rate base and earnings growth. Regulatory outcomes, financing costs and the ability to fund investment while supporting dividends remain central to the outlook.
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