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UPDATE: ISI Group Raises PT on UIL Holdings Corporation on 2013 EPS Guidance

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In a report published Friday, ISI Group reiterated its Neutral rating on UIL Holdings Corporation (NYSE: UIL), and slightly raised its price target from $36.00 to $37.00.

ISI Group noted, “UIL initiated 2013 EPS guidance of $2.05-$2.25 vs. consensus of $2.30 and ISI at $2.20. FY12 EPS were $2.02 vs. consensus of $2.08 and ISI at $2.10. Our '13-'15 EPS forecast is now $2.15 / $2.38 / $2.53 vs. $2.20 / $2.35 / $2.50, reflecting the mid-point of our upside and downside case scenarios described below. Our target is up from $36/shr to $37, also reflecting the mid-point of those two scenarios, which drives a 12-month total return of (1.1%).”

UIL Holdings Corporation closed on Thursday at $39.18.

Latest Ratings for UIL

DateFirmActionFromTo
Apr 2014Deutsche BankMaintainsHold
Mar 2014Argus ResearchUpgradesHoldBuy
Mar 2014Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for UIL
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings

 

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