Cost Cutting And Restructuring To Hike Pike Electric Valuations (PIKE)

Analysts at FBR Capital Markets believe that the cost cutting and restructuring taking place in Pike Electric (NYSE: PIKE) would have a positive rub on the company’s valuations.

Pike Electric Corporation is one of the largest outsourced providers of maintenance, upgrade and extension services in the electric utility industry. The company has been assigned a rating of Marketperform with a price target of $11. The analysts have raised a word of caution – they do not see any evidence of core customers of Pike increasing their spending.