Market Overview

UPDATE: Deutsche Bank Raises PT on UIL Holdings on Reasons for Caution

Related UIL
Mid-Day Market Update: NASDAQ Turns Higher; Susquehanna Bancshares Shares Jump On BB&T Deal
Mid-Morning Market Update: Markets Edge Lower; Macy's Lowers Full-Year Forecast

In a report published Wednesday, Deutsche Bank analyst Jonathan Arnold reiterated a Hold rating on UIL Holdings Corporation (NYSE: UIL), and raised the price target from $39.00 to $40.00.

In the report, Deutsche Bank noted, “With utilities set to finish the year last among sectors for the second straight year, it is surely tempting to argue for a rebound in 2014. But with the Fed exit still in front of us and a continuing overhang from challenging power business fundamentals, investors have plenty of reason to proceed with caution. Compared to April when Fed taper talk began, utilities are at least much better relative value (P/E parity vs. ~20% premium) and closer to their lows in terms of mutual fund positioning. A market growth stall might be utilities' best hope for a winning 2014; in the meantime, we continue to counsel selectivity, mostly favoring better growth or value catalysts over pure defensiveness and yield.”

UIL Holdings Corporation closed on Tuesday at $37.00.

Latest Ratings for UIL

DateFirmActionFromTo
Dec 2014Deutsche BankMaintainsHold
Dec 2014Deutsche BankMaintainsHold
Nov 2014Argus ResearchDowngradesBuyHold

View More Analyst Ratings for UIL
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Jonathan ArnoldAnalyst Color Price Target Analyst Ratings

 

Related Articles (UIL)

Around the Web, We're Loving...

Get Benzinga's Newsletters