UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on Questar Corporation
In a report published Monday, BMO Capital Markets reiterated its Market Perform rating on Questar Corporation (NYSE: STR), and slightly raised its price target from $20.00 to $21.00.
BMO Capital noted, “While our 2012 estimate remains $1.17, we are reducing our 2013 and 2014 forecasts to $1.17 and $1.21, respectively, from $1.27 and $1.32 on lowered earnings in Pipes. Our SOTP price target rises by $1 to $21 on the roll forward of our valuation to 2014 estimates, with upside potential from Wexpro II and the pipe review.”
Questar Corporation closed on Friday at $20.18.
Latest Ratings for STR
|Dec 2015||UBS||Initiates Coverage on||Neutral|
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