Hydro One Limited (H:CA) — Scotiabank lowered its price target to C$55.00 from C$58.00. The target change represents a 5.2% decrease. Hydro One operates electricity transmission and distribution infrastructure in Ontario. Looking ahead, investors will be watching the conversion of grid investment into regulated earnings growth. Rate approvals, project execution, borrowing costs and the timing of capital recovery remain important to the outlook.
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