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UPDATE: ISI Group Raises PT to $35 on UIL Holdings on Increased Visibility Ahead

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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

DateFirmActionFromTo
Mar 2015Argus ResearchDowngradesHoldSell
Mar 2015RW BairdDowngradesOutperformNeutral
Feb 2015JP MorganUpgradesUnderweightNeutral

View More Analyst Ratings for UIL
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

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