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Research Alert: CFRA Maintains Buy Rating On Emera On Strong Adjusted Eps, Florida Strength

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our Buy rating on EMA and maintain our target price of CAD83. The target price continues to be derived from our earnings multiple of 21.0x, applied to our 2027 adjusted EPS. We increase our 2026 EPS view by CAD0.23 to CAD3.67 and 2027's by CAD0.05 to CAD3.98. The Utilities space remains attractive as a defensively positioned sector amid inflationary macroeconomic conditions. Q1 2026 adjusted EPS of CAD1.37 exceeded expectations, and management believes 2026 adjusted EPS can exceed the 5%-7% growth guidance. All major projects are progressing as planned, and CAD870M of capital was deployed in Q1.

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