KeyBanc Downgrades Northwestern Corp. (NWE) to Hold

KeyBanc downgraded Northwestern Corp. (NYSE: NWE) from Buy to Hold.

Analyst Paul T. Ridzon said, "We are downgrading shares of NWE to HOLD from BUY as we become more selective on our BUY-rated names across our regulated electric utility coverage list and as the share price has traded through our $55.50 price target. Shares of NWE have increased 30.3% over the last 12-month period (best in class among our small cap regulated names) vs. 11.2% for the S&P 500. Although NWE still has an opportunity with the potential for rate-basing incremental natural gas assets, we believe the main focus over the near term will be around the Company's regulatory strategy."

For an analyst ratings summary and ratings history on Northwestern Corp. click here. For more ratings news on Northwestern Corp. click here.

Shares of Northwestern Corp. closed at $56.43 yesterday.

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