UPDATE: ISI Group Raises PT to $35 on UIL Holdings on Increased Visibility Ahead
ISI Group reiterated its Hold rating on UIL Holdings (NYSE: UIL) and raised its price target from $34 to $35.
ISI Group commented, "UIL is ahead of its planned oil to gas conversions in '12 and plans to convert up to 35k customers to natural gas '11-'13, generating +/-$10mm of incremental net operating income, or $0.20/shr. We now assume they hit 100% of their goal through '13, and continue to win new customers in '14 and '15 (UIL will give ‘14+ goals at EEI). The CT Energy Strategy should be finalized in early '13, providing more visibility on the LDC's capital investment profile."
UIL Holdings closed at $35.52 on Tuesday.
Latest Ratings for UIL
|May 2015||Janney Capital||Initiates Coverage on||Neutral|
|Apr 2015||Gabelli||Initiates Coverage on||Buy|
|Mar 2015||Argus Research||Downgrades||Hold||Sell|
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