CIBC Raises Fortis (FTS) Price Target to C$81, Reiterates Outperformer

On April 20, CIBC raised its terms proposal connected Fortis Inc. (NYSE:FTS) to C$81 from C$80. It reiterated an Outperformer standing connected the shares.

On April 9, BofA expert Ross Fowler raised the firm’s terms extremity connected FTS to $53 from $51 and kept an Underperform rating. The steadfast near its FY26, FY27, and FY28 EPS estimates unchanged and pointed to updated adjacent radical multiples arsenic the crushed for the higher target.

During the Q4 2025 net call, David Hutchens, President and Chief Executive Officer of Fortis, said the institution had introduced its largest five-year superior program to date, totaling $28.8 billion. He noted that the program is expected to enactment semipermanent complaint basal maturation of 7% and yearly dividend maturation of 4–6% done 2030.

Hutchens besides said the institution remains focused connected providing safe, reliable, and affordable vigor successful the adjacent term. At the aforesaid time, it plans to put successful its systems to conscionable changing lawsuit and assemblage needs.

Fortis Inc. (NYSE:FTS) is simply a Canada-based diversified regulated electrical and state inferior holding company. Its regulated utilities see ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc., and different electrical operations.

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