Wunderlich Securities Reiterates Buy, $47 Target on SCANA
Wunderlich Securities maintains its Buy rating and $47 target on SCANA (NYSE: SCG) as a nuclear construction and operating license is expected soon by the company.
Wunderlich Securities says, "SCANA Corporation (SCG) is scheduled to report 4Q and 2011 EPS on February 15. We expect by that time SCG should have received its combined nuclear construction and operating license (COL). The COL for Southern Company (SONR) is expected to be issued before the SCG COL, and SO remains hopeful that the COL will be issued in time for its 4Q earnings call on January 25. SCG's COL should be issued within a week of SO's. We are maintaining our Buy rating on SCG shares and expect the COL will provide the next catalyst for the stock."
SCG closed at $44.77 per share on Tuesday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.