Brean Murray Carret & Co. Starts Vectren Corp. (VVC) at Buy
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Price: $35.32 -1.73%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 16 | New: 29
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 16 | New: 29
Trade VVC Now!
Brean Murray Carret & Co. initiates coverage on Vectren Corp. (NYSE: VVC) with a Buy. PT $36.00.
The firm comments, "We see significant long-term upside earnings potential in the company’s business model both in the regulated and non-regulated businesses, and recommend investors buy shares at what we consider an attractive valuation. Additionally, we note the shares currently yield 4.7%, slightly above our combination gas/electric utility peer group. Our risks to target include regulatory environment, weather impacts, capital restraints, inherent operational risks, and proposed climate change legislation."
For an analyst ratings summary and ratings history on Vectren Corp. click here. For more ratings news on Vectren Corp. click here.
Shares of Vectren Corp. closed at $29.27 yesterday, with a 52 week range of $23.65-$30.75.
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The firm comments, "We see significant long-term upside earnings potential in the company’s business model both in the regulated and non-regulated businesses, and recommend investors buy shares at what we consider an attractive valuation. Additionally, we note the shares currently yield 4.7%, slightly above our combination gas/electric utility peer group. Our risks to target include regulatory environment, weather impacts, capital restraints, inherent operational risks, and proposed climate change legislation."
For an analyst ratings summary and ratings history on Vectren Corp. click here. For more ratings news on Vectren Corp. click here.
Shares of Vectren Corp. closed at $29.27 yesterday, with a 52 week range of $23.65-$30.75.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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