J.P. Morgan Reiterates Overweight Rating on ITC Holdings (ITC)

Following a conference call with management, J.P. Morgan reiterated its Overweight rating on shares of ITC Holdings

. J.P. Morgan notes that "ITC continues to present one of the most attractive value propositions among regulated utilities." J.P. Morgan analysts comment that the "slowdown in renewable energy development [is] not impacting ITC thus far," and an "attractive investment opportunity still beckons in the realm of transmission." ITC Holdings, through its Regulated Operating Subsidiaries, is engaged in the transmission of electricity in the United States. Shares closed June 28 at $54.07.