Market Overview

UPDATE: Stifel Nicolaus Downgrades Pike Electric Corporation to Hold on Valuation

Related PIKE
Top 4 Small-Cap Stocks In The General Contractors Industry With The Highest ROI
#PreMarket Primer: Tuesday, September 2: Russian Sanctions Hit Eurozone Economy Hard

Stifel Nicolaus downgraded Pike Electric Corporation (NYSE: PIKE) from Buy to Hold and removed the price target of $13.00.

Stifel Nicolaus analyst Noelle Dilts commented, "PIKE Electric reported F2Q13 EPS of $0.67 after the close on February 5th, well above our and consensus estimates of $0.25, on the combination of better than expected contribution from Hurricane Sandy and core operations. Since the close of trading on February 5th, Pike has rallied 35.8%, vs a 2.7% increase in the S&P over the same time period. This recent run up has pushed PIKE to what we believe are "full" multiples that exceed the peer group average."

Pike Electric Corporation closed at $14.78 on Monday.

Latest Ratings for PIKE

Aug 2014BB&T CapitalDowngradesBuyHold
Aug 2014JefferiesMaintainsHold
Feb 2014Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for PIKE
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings


Related Articles (PIKE)

Around the Web, We're Loving...

Get Benzinga's Newsletters