Goldman Sachs Upgrades NV Energy (NVE) to Buy
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Price: $23.74 --0%
Rating Summary:
1 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs upgraded NV Energy (NYSE: NVE) from Neutral to Buy with a price target of $16, suggesting 18% upside.
The firm cited above average EPS growth and solid free cash flow, which should drive a higher dividend in late 2012. Risk remains around intervenor testimony in an ongoing rate case, although the firm said "this appears well known and priced in."
For more ratings news on NV Energy click here and for the rating history of NV Energy click here.
Shares of NV Energy closed at $14.12 yesterday.
The firm cited above average EPS growth and solid free cash flow, which should drive a higher dividend in late 2012. Risk remains around intervenor testimony in an ongoing rate case, although the firm said "this appears well known and priced in."
For more ratings news on NV Energy click here and for the rating history of NV Energy click here.
Shares of NV Energy closed at $14.12 yesterday.
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