KeyBanc Starts Otter Tail Corporation (OTTR) at Hold; N-T Concerns; 2012 a "Bridge Year"

KeyBanc initiates coverage on Otter Tail Corporation (NASDAQ: OTTR) with a Hold.

KeyBanc analyst said, "In the near term, we feel that upside in shares may be limited over uncertainty in execution of the new strategy and investor concerns over the dividend..."Over the longer term, we believe that investors may try to be opportunistic in considering OTTR shares if/when evidence of its turnaround story begins to unfold. Management's ability to execute and deliver on its commitment to reorganize and refocus OTTR's businesses is key to the stock's future success."

"We view 2012 as an important "bridge year" to demonstrate success with the new strategy of business portfolio realignments, monetization, strengthening the balance sheet and judicious deployment of capital in an effort to stabilize and improve returns across all business segments of the corporation."

For an analyst ratings summary and ratings history on Otter Tail Corporation click here. For more ratings news on Otter Tail Corporation click here.

Shares of Otter Tail Corporation closed at $22.09 yesterday.

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