Market Overview

UPDATE: Deutsche Bank Upgrades Northeast Utilities to Buy; Better Positioned Post Merger

Related NU
Spectra Energy And Northeast Utilities Form Alliance With Iroquois Gas Transmission For Access Northeast Project
Deutsche Bank Believes Execution Is Key For Northeast Utilities System

Deutsche Bank raises its rating on Northeast Utilities (NYSE: NU) from Hold to Buy and raises its price target from $36.50 to $39.

Deutsche Bank notes, "We upgrade NU to Buy from Hold and raise our PT to $39 from $36.50 as we introduce our new outlook following NU's recent merger with NSTAR. We see an attractive entry point into a stock that offers above average LT EPS and DPS growth, below average regulatory risk (no rate cases until 2014), and no need for new equity in the near-term. Despite being a larger and arguably better positioned company post-merger, NU is currently trading at a 4% discount to peers. With this report we transfer lead coverage to Caroline Bone."

NU closed at $36.21 on Tuesday.

Latest Ratings for NU

Dec 2014Deutsche BankMaintainsHold
Nov 2014Brean CapitalMaintainsBuy
Sep 2014Deutsche BankMaintainsHold

View More Analyst Ratings for NU
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Upgrades Price Target Pre-Market Outlook Analyst Ratings


Related Articles (NU)

Around the Web, We're Loving...

Get Benzinga's Newsletters