KeyBanc Starts Vectren Corp. (VVC) at Hold
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Price: $72.38 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc initiates coverage on Vectren Corp. (NYSE: VVC) with a Hold. Analyst Matt Tucker considers the stock fairly valued.
"We have a positive long-term outlook for VVC’s two core businesses: its Utility Group, which benefits from a constructive regulatory environment, growing rate base and infrastructure recovery mechanisms; and Infrastructure Services, which should see continued growth in demand from utilities’ spending on pipeline integrity/replacement and for pipelines to transport oil & gas shale production. Visibility is cloudier for VVC’s remaining Nonutility segments, in our view," said Tucker.
For an analyst ratings summary and ratings history on Vectren Corp. (NYSE: VVC) click here. For more ratings news on Vectren Corp. click here.
Shares of Vectren Corp. closed at $36.62 yesterday.
"We have a positive long-term outlook for VVC’s two core businesses: its Utility Group, which benefits from a constructive regulatory environment, growing rate base and infrastructure recovery mechanisms; and Infrastructure Services, which should see continued growth in demand from utilities’ spending on pipeline integrity/replacement and for pipelines to transport oil & gas shale production. Visibility is cloudier for VVC’s remaining Nonutility segments, in our view," said Tucker.
For an analyst ratings summary and ratings history on Vectren Corp. (NYSE: VVC) click here. For more ratings news on Vectren Corp. click here.
Shares of Vectren Corp. closed at $36.62 yesterday.
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