UPDATE: Williams Initiates NV Energy at Buy

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Williams is out with its report today on NV Energy
NVE
, initiating NVE at Buy. In a note to clients, Williams writes, "We initiate coverage on NV Energy, Inc.
NVE
with a Buy investment rating and $18.00 target price on June 21, 2011 at a price of $15.40. Our target price merely reflects 1.1x our 2013 book value estimate of $16.53, yet suggests a total return potential of approximately 20% over the next 12 months." Shares of NVE closed Monday at $15.40.
Posted In: Analyst ColorPrice TargetInitiationAnalyst Ratingsnv energyWilliams
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