RBC Capital Markets on Friday maintained its sector-perform rating on the shares of Fortis (FTS.TO, FTS) while raising its price target to C$80.00 from C$79.00 following the company's fourth-quarter results.

"Fortis continues to show momentum, with solid Q4/25 results and signs that there is further growth ahead relative to its recently upgraded base plan. Macro events may ultimately drive fund flows in and out of the stock and sector, but we like that its credible management team is pushing forward on matters within its control across its diversified

portfolio. With the stock performing in line with North American peers on a YTD basis, market sentiment remains positive on Fortis' shares, offering investors a tried-and-tested defensive exposure at a fair valuation, with upside from data center growth in Arizona," analyst Maurice Choy wrote.

(MT Newswires 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://www.mtnewswires.com/contact-us)

Price: 77.11, Change: +0.79, Percent Change: +1.04