JPMorgan Upgrades UIL Holdings (UIL) to Neutral
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February 27, 2015 9:28 AM EST
Baird downgraded UIL Holdings (NYSE: UIL) from Outperform to Neutral with a price target of $52.00 (from $45.00).
For an analyst ratings summary and ratings history on UIL Holdings click here. For more ratings news on UIL Holdings click here.
Shares of UIL Holdings closed at $52.07 yesterday.
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February 26, 2015 6:51 AM EST
UIL Holdings (NYSE: UIL) reported Q4 EPS of $0.56, $0.07 worse than the analyst estimate of $0.63.
Consolidated earnings for 2014 and 2013 reflect certain non-recurring after-tax items, which are explained below.
Acquisition-related expenses recorded in the full year and fourth quarter 2014 associated with the...
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February 26, 2015 6:44 AM EST
Iberdrola USA and UIL Holdings Corporation (NYSE: UIL) entered into a definitive agreement under which Iberdrola USA will acquire UIL and create a newly listed U.S. publicly-traded company. The agreement, which has been unanimously approved by both companies Boards of Directors, creates a leading, diversified power and utility company in the Northeast. UILs current President and Chief Executive Officer, James P. Torgerson, will become the companys CEO upon closing.
The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash,... More
