{"id":70043,"date":"2025-12-17T04:34:17","date_gmt":"2025-12-17T04:34:17","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=70043"},"modified":"2025-12-17T04:34:17","modified_gmt":"2025-12-17T04:34:17","slug":"fortis-inc-ftsca-scotiabank-raises-target-on-attractive-valuation-outlook","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/fortis-inc-ftsca-scotiabank-raises-target-on-attractive-valuation-outlook\/","title":{"rendered":"Fortis Inc. (FTS:CA) Scotiabank Raises Target on Attractive Valuation Outlook"},"content":{"rendered":"<h2><a href=\"https:\/\/www.stocktargetadvisor.com\/blog\/?p=70043&amp;preview=true\">Fortis Inc. (FTS:CA)<\/a><\/h2>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-693f95c5-5a50-8327-b415-1118a65c7cd6-5\" data-testid=\"conversation-turn-78\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"0738e65d-5ae5-49db-8cd5-67ccef03174f\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light markdown-new-styling\">\n<p data-start=\"0\" data-end=\"422\">Fortis Inc. received a increase to its 12 month target price, lifting the target to $79.00 from $74.00 by Scotiabank, reflecting enhanced confidence in the utility\u2019s earnings stability, capital investment outlook, and long-term dividend growth profile. The revision underscores Fortis\u2019s position as a defensive, regulated utility with highly predictable cash flows supported by long-term rate frameworks across its North American operations.<\/p>\n<p data-start=\"424\" data-end=\"922\">Analysts pointed to Fortis\u2019s robust capital expenditure program, which is focused on grid modernization, reliability upgrades, and regulated infrastructure expansion. These investments are expected to drive steady rate base growth, translating into consistent earnings and cash flow increases over the medium term. The bank also highlighted Fortis\u2019s disciplined approach to balance sheet management, which supports ongoing capital investment while maintaining investment-grade credit metrics.<\/p>\n<p data-start=\"924\" data-end=\"1247\" data-is-last-node=\"\" data-is-only-node=\"\">The higher target price reflects confidence that Fortis can continue to deliver low-risk earnings growth and dependable dividend increases, making the stock attractive for income-oriented and defensive investors, particularly in an environment of economic uncertainty and moderating interest rate expectations.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fortis Inc. (FTS:CA) Fortis Inc. received a increase to its 12 month target price, lifting the target to $79.00 from $74.00 by Scotiabank, reflecting enhanced&#8230;<\/p>\n","protected":false},"author":3,"featured_media":20112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-70043","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fortis Inc. 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