Analyst Initiates Buy Rating for Emera (EMA) with $49 Target | EMA Stock News

3 days ago

Bank of America analyst Ross Fowler has initiated coverage of Emera (EMA, Financial), assigning a Buy rating and setting a price target of $49 for its U.S. shares. The firm maintains a positive outlook on both Emera’s Canadian and U.S. stocks. According to Fowler, Tampa Electric remains a key driver of Emera's quarterly financial success, significantly contributing to the company's earnings. This development underscores Emera's strategic performance in the utility sector.

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