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NextEra Energy price target raised to $108 from $98 at BMO Capital

BMO Capital increased its price target on NextEra after the company filed a confidential S1 draft registration statement with the SEC to form a yieldco. The firm thinks the yieldco could increase the stock's value beyond $108, if it is structured more like an MLP with incentive distribution rights. The firm views NextEra's value proposition as compelling, and keeps an Outperform rating.