Goldman Sachs Upgraded Regulated & Diversified Utilities; ETR & WR To Conviction Buy

June 25, 2009 7:19 AM EDT

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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Stocks Mentioned

ETR 77.53

-0.05 -0.06%
Volume: 845,877
Track ETR

NRG 24.65

+0.17 +0.69%
Volume: 3,590,965
Track NRG

NVE 12.04

+0.28 +2.38%
Volume: 5,550,198
Track NVE

WR 20.14

+0.17 +0.85%
Volume: 750,471
Track WR


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