Goldman Sachs Upgrades NV Energy (NVE) to Buy
NVE Hot Sheet
Rating Summary:5 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
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.
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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