BB&T Capital Downgrades Pike Electric To Hold

Analysts at BB&T Capital downgraded Pike Electric

from Buy to Hold and removed the price target of $12.00. Pike Electric shares have dropped 4.21% over the past 52 weeks, while the S&P 500 index has gained 14.24% in the same period. Pike Electric's shares surged 48.62% to close at $11.83 yesterday.