Goldman Sachs Upgrades NV Energy (NVE) to Buy
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Goldman Sachs upgrades NV Energy, Inc. (NYSE: NVE) to Buy and raised their price target from $14 to $15, citing significant mean reversion potential.
The firm also sees a 15%-17% dividend increase, an uplift in 2010 and 2011 earnings driven by $218m rate increase at Nevada Power, and recent underperformance versus peers.
NV Energy, Inc., through its subsidiaries, engages in the generation, transmission, and distribution of electric energy in southern Nevada.
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