Jefferies Downgrades Questar (STR) to Hold

Jefferies downgraded Questar (NYSE: STR) from Buy to Hold with a price target of $22.00 (from $25.00).

Analyst Christopher Sighinolfi commented, "s new Wexpro cost-of-service production is uncompetitive vs. the 5-yr Rockies gas curve, mgmt noted with 2Q results it is exploring options to permit development activities, including lowering investment returns. Given the uncertainty introduced for the growth & profitability of STR's largest business, we are downgrading shares to Hold & cutting our PT to $22, from $25."

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

Shares of Questar closed at $21.17 yesterday.

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