Goldman Sachs Upgraded Regulated & Diversified Utilities; ETR & WR To Conviction Buy
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Goldman Sachs upgraded Regulated & Diversified Utilities to Attractive. The firm cited improving weather-adjusted electricity demand and expected decline in 10-year treasury yields, among other things.
The firm remains Neutral on Independent Power Producers.
Rating Changes:
- Added Entergy Corp. (NYSE: ETR) to their Conviction Buy List.
- Upgraded Westar Energy Inc. (NYSE: WR) to Buy and added to their Conviction Buy List.
- Upgraded NRG Energy, Inc. (NYSE: NRG) from Neutral to Buy
- Downgraded NV Energy, Inc. (NYSE: NVE) from Buy to Neutral.
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