Jefferies Starts Questar (STR) at Hold

Jefferies initiates coverage on Questar (NYSE: STR) with a Hold rating and a price target of $24.00.

Analyst Christopher Sighinolfi comments, "Questar Corp. (STR) offers exposure to the entire natural gas value chain while preserving regulated returns from the wellhead to burner tip. Shares offer a defensive equity play with elevated returns (~19% consolidated ROE) and attractive dividend growth; however, we see limited upside at current levels and are initiating coverage with a Hold rating and $24 price target."

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 $23.66 yesterday.

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