Brean Murray Carret & Co. Starts Vectren Corp. (VVC) at Buy

August 8, 2012 8:50 AM EDT Send to a Friend
Get Alerts VVC Hot Sheet
Price: $45.10 -0.35%

Rating Summary:
    1 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 43 | New: 4
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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.


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