Soleil Securities Downgrades Puget Energy (PSD) to Sell
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Soleil Securities downgrades Puget Energy (NYSE: PSD) from Hold to Sell "on negative recommendation against the acquisition of Puget Energy and its core-utility Puget Sound Energy by an international consortium led by Macquarie Infrastructure Partners. We see substantial price risk in the stock if the deal is denied, which we now see as likely." The firm has a $23.25 price target on PSD.
Puget Energy, Inc., through its subsidiaries, engages in the transmission, distribution, generation of electricity.
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