The Globe and Mail reports in its Wednesday, Feb. 18, edition that RBC Capital Markets analyst Maurice Choy, in a client note titled Celebrating today while being mindful of tomorrow, bumped his target for shares of Hydro One to $58 from $57, while maintaining a "sector perform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $53.67. Mr. Choy says in a note: "We celebrate Hydro One's success in being awarded multiple electricity transmission line projects (14 projects sit in the backlog), and we are encouraged that early JRAP stakeholder engagements suggest that grid investments are being prioritized, with the sentiment being similar to the 2023 JRAP. While it may be positioned to repeat its 2023 rate case success in the 2028 JRAP process, from a stock perspective, we remain mindful of any material and longer-lasting changes to the market's perception of Ontario's economic outlook (which can alter these stakeholder preferences), particularly given the USMCA negotiations." The Globe reported on Feb. 21 and Nov. 14 that Mr. Choy was keeping his "sector perform" recommendation for Hydro One intact. The shares could then be had for $44.56 and $53.37.