Guggenheim Double Downgrades SCANA Corp (SCG) to Sell

Guggenheim downgraded SCANA Corp (NYSE: SCG) from Buy to Sell with a price target of $54.00.

Analyst Shahriar Pourreza comments that it is now becoming more evident that the situation surrounding VC summer is materially deteriorating and the situation that is constructive for shareholder is becoming less evident. Pourreza believes the company will be acquired and believes this could be months away still. For now, there exists material downside for earnings and growth.

For an analyst ratings summary and ratings history on SCANA Corp click here. For more ratings news on SCANA Corp click here.

Shares of SCANA Corp closed at $65.64 yesterday.

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