Loading...
Loading...
Williams is out with its report today on TECO Energy
TE, initiating TE at Buy.
In a note to clients, Williams writes, "We initiate coverage on TECO Energy, Inc. with a Buy investment rating and $21.00 target price on June 21, 2011 at a price of $18.72. Our target price reflects a P/E of 14.2x our 2013 recurring EPS estimate and a total return potential of nearly 17% over the next 12 months, including the indicated annual dividend yield of 4.59%."
At the time of posting, shares of TE were trading at $18.86, up 0.75% from Monday's close.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in