Wells Fargo Raises PT on Northeast Utilities (NU)

Article Related Press Releases (1) Related Articles (1) Stock Quotes (1) Comments (0)

Wells Fargo today maintained an Outperform rating on Northeast Utilities (NYSE: NU) and raised its price target of $46 to 47 (from $43 to $44). Yesterday the company reported Q4 results, with EPS slightly below consensus. Northeast Utilities reiterated full year guidance.

"Our Outperform rating reflects our belief that shares deserves a premium valuation given the EPS growth profile, heavy concentration of FERC-regulated earnings, potentially light rate case calendar and strong financial position," said analyst Neil Kalton.

Regarding the Norther Pass route, Northeaster said it plans to announce the new route in the next several weeks, and expressed a high degree of confidence in the ability to gain site approval, noted the report.

For an analyst ratings summary and ratings history on Northeast Utilities (NYSE: NU) click here. For more ratings news on Northeast Utilities click here.

Shares of Northeast Utilities closed at $41.41 yesterday, with a 52 week range of $34.84-$41.44.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
• Dougherty & Co Raises PT on SodaStream (SODA) to $80
• The ExOne Company (XONE) Metal Opportunity to Keep Stock Going - FBR

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Earnings, Wells Fargo

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?