BMO and Scotiabank Maintain Fortis Inc. (FTS) Ratings Feb 2026

On February 13, 2026, BMO Capital and Scotiabank both maintained coverage of Fortis Inc. (FTS) while nudging price targets higher, highlighting a steady view from major Canadian banks on the utility’s near-term outlook and the latest FTS analyst rating actions.

Both firms left their formal stances unchanged — BMO at Market Perform and Scotiabank at Sector Perform — but raised price targets to C$77 and C$80 respectively, signaling modest upside relative to current trading and a focus on regulated utility fundamentals.

FTS analyst rating updates

On February 13, 2026, BMO Capital maintained a Market Perform rating and raised its price target to C$77 from C$74; see the BMO note on TheFly source. On the same day Scotiabank maintained a Sector Perform rating and lifted its target to C$80 from C$79; see the Scotiabank note on TheFly source.

What the maintained ratings mean for investors

A maintained rating tells investors analysts expect performance roughly in line with peers rather than a clear buy or sell signal. Market Perform and Sector Perform indicate caution on near-term upside while recognizing stable cash flow from regulated assets. Investors should view these ratings as confirmatory signals for income or long-term holding strategies rather than triggers for trading.

Price targets and short-term stock reaction

The two raises to C$77 and C$80 are small and reflect incremental model updates rather than a shift in thesis; intraday moves were minor at 0.21% and 0.14% respectively. With a market cap of $28,731,990,000, Fortis (FTS) typically shows low volatility, and these modest target changes are more likely to influence sentiment than fundamentals in the short term.

Analyst history and coverage context

BMO and Scotiabank have long covered Fortis and their maintained stances match a recent pattern of steady, conservative views from Canadian banks. The firms have tracked Fortis through regulatory cycles and recent earnings, including the Q4 2025 results, which reinforced stable regulated earnings and guided near-term cash flow expectations.

Meyka grade and investor implications

Meyka AI rates FTS with a grade of B+, which factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. This grade supports the analysts’ maintained view and suggests Fortis remains a reasonable holding for income-focused investors, though not a clear outperformer.

How we track FTS analyst rating changes

We record each firm, rating action, date, and target and flag material changes for subscribers; we track Fortis updates in real time on the Meyka FTS page. We track changes using Meyka AI, an AI-powered market analysis platform that aggregates analyst notes, company filings, and market moves into concise alerts.

Final Thoughts

The takeaway from the February 13, 2026 updates is straightforward: major Canadian banks maintained their stances on Fortis Inc. (FTS) while lifting price targets modestly to C$77 and C$80, reflecting fine-tuned models rather than a change in conviction. For investors, the maintained Market Perform and Sector Perform ratings signal that analysts expect FTS to track peers and deliver steady regulated returns, not rapid outperformance. The small target increases suggest limited near-term upside but confirm stable fundamentals and regulated cash flow support. Given the company’s $28,731,990,000 market cap and Meyka AI’s B+ grade, Fortis remains suited to dividend-oriented portfolios seeking lower volatility. Monitor upcoming regulatory decisions and quarterly earnings for catalysts that could shift analyst bias, and remember these notes are part of a broader mosaic of data rather than standalone buy or sell advice. We are not financial advisors; use analyst ratings and the Meyka grade as inputs in your own research.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.