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NEW YORK (TheStreet) -- CenterPoint Energy (CNP) - Get CenterPoint Energy, Inc. (CNP) Stock Price, News, Buy or Sell Rating Report  price target was increased to $24 from $23 at Credit Suisse on Wednesday morning. The firm HAS maintained its "neutral" rating on the stock.

The higher price target comes after the Houston-based utility holding company reported better-than-expected earnings for the 2016 first quarter yesterday.

The company posted earnings of 36 cents per diluted share, topping analysts' expectations of 31 cents per share. Revenue was $1.98 billion, which fell short of estimates of $2.44 billion.

"Volumes were largely in-line; electric transmission & distribution and natural gas distribution volumes were in-line with our estimates, while natural gas sales and services came in light," the firm wrote in a note.

Growth will be driven by higher utility operating income, lower interest expenses and ENBL preferred investment dividends, Credit Suisse added.

Shares of CenterPoint closed at $22.10 on Tuesday.

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Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance.

However, the team also finds weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CNP

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