Soleil Securities Upgrades Puget Energy (PSD) to Hold
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Soleil Securities upgrades Puget Energy (NYSE: PSD) from Sell to Hold, on valuation. The firm lowered their price target from $23.35 to $22.
The firmsaid, "We downgraded PSD to a Sell two weeks ago due to the opposition of both the Staff of the Washington State commission, as well as the State's AG, to the acquisition by Macquarie and continue to place odds at just 40% that the $30/shr cash deal will go through."
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