Wunderlich Securities Increases EPS on ITC Holdings, Maintains Hold and PT of $73

Wunderlich Securities increased its earnings per share estimates on ITC Holdings

for the next three years. In a research report published today, Wunderlich states, "We are raising our 2013 and 2014 EPS estimates on ITC Holdings (

) by $0.19 and $0.10 to $4.88 and $5.61, respectively. Our 2012 EPS estimate is increased $0.01 to $3.94. The increase reflects an improved method for calculation of the capitalized equity return ITC will record for the Michigan Thumb Loop project that was recently approved by regulators." At the same time, Wunderlich decided to leave its rating unchanged at Hold and price target at $73. On Friday, ITC Holdings lost 0.51% of its value to close the week at $73.41.