Friedman Billings Upgrades Pike Electric (PEC) to Outperform

June 19, 2008 8:37 AM EDT

Friedman Billings upgrades Pike Electric (NYSE: PEC) from Market Perform to Outperform and raises their price target to $21, following acquisiton of The Shaw Group's Energy Delivery Services.

Pike Electric Corporation and its subsidiaries provide outsourced electric distribution and transmission services in the United States.


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