Market Overview

UPDATE: Imperial Capital Downgrades EnergySolutions to In-Line on Visibility Lack

Related ES
Earnings Scheduled For November 2, 2015
Benzinga's Top Initiations
Top 20 Utilities For Dividend Growth Investors (Seeking Alpha)

Imperial Capital downgraded EnergySolutions (NYSE: ES) from Outperform to In-line and lowered the price target from $4.75 to $3.75.

Imperial Capital commented, "We are downgrading our rating on the common stock to In-Line from Outperform and lowering our price target to $3.75, the price at which the company is slated to be acquired, from $4.75 previously. Although we continue to believe the offer by ECP is low and does not fully value the company, we are downgrading the stock on a lack of visibility surrounding the outcome of the upcoming shareholder vote to approve the sale of the company and our expectations the equity will trade with as a merger-arbitrage situations and not on a fundamental basis."

EnergySolutions closed at $3.74 on Wednesday.

Latest Ratings for ES

Aug 2015Mizuho SecuritiesInitiates Coverage onNeutral
Jul 2015Wells FargoUpgradesMarket PerformOutperform
May 2015Janney CapitalInitiates Coverage onBuy

View More Analyst Ratings for ES
View the Latest Analyst Ratings

Posted-In: imperial capitalAnalyst Color Downgrades Analyst Ratings


Related Articles (ES)

Get Benzinga's Newsletters