D.A. Davidson provided color on UniSource Energy UNS in a research report published today after the company's earnings announcement. D.A. Davidson has a Buy rating and $41 12-18 month price target on the company.
In the report, D.A. Davidson stated, "Our target price represents a slight valuation premium to our electric
utility research universe, which we believe is justified based on our expectation of well above-average rate base and earnings growth, partially offset by the higher risk associated with operating in a difficult (yet improving) regulatory environment."
Shares of UniSource Energy closed today at $36.40, down 0.16% from Friday's market close.
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