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Canadian Utilities Price Target Raised to C$58 at RBC

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RBC Capital Markets raised its price target on Canadian Utilities (CU.TO) to C$58 from C$50 on Thursday.

Analyst Maurice Choy maintained a Sector Perform rating on shares of the Calgary-based electric services company following its Q2 results on Wednesday.

"We have increased our EPS estimates for 2026 and 2027 to mainly reflect the solid Q2/26 results, updated inflation expectations at ATCO Australia, and new regulatory decisions for Electricity Transmission and Gas Transmission," Choy said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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