Jefferies Downgrades El Paso Electric Company (EE) to Underperform
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Price: $35.60 --0%
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 8
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 8
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Jefferies downgraded El Paso Electric Company (NYSE: EE) to Underperform with a price target of $29 (down form $333.50).
The firm cited, "the recent Show-Cause order issued by the CIty Council. Jefferies believes this order will create a regulatory overhang on the stock and expect it to underperform the regulated utility group."
For more ratings news on El Paso Electric Company click here and for the rating history of El Paso Electric Company click here.
Shares of El Paso Electric Company closed at $33.32 yesterday.
The firm cited, "the recent Show-Cause order issued by the CIty Council. Jefferies believes this order will create a regulatory overhang on the stock and expect it to underperform the regulated utility group."
For more ratings news on El Paso Electric Company click here and for the rating history of El Paso Electric Company click here.
Shares of El Paso Electric Company closed at $33.32 yesterday.
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