D.A. Davidson Comments on UniSource Energy

D.A. Davidson provided color on UniSource Energy

in a research report published today after the company's earnings announcement. D.A. Davidson has a Buy rating and $41 12-18 month price target on the company. In the report, D.A. Davidson stated, "Our target price represents a slight valuation premium to our electric utility research universe, which we believe is justified based on our expectation of well above-average rate base and earnings growth, partially offset by the higher risk associated with operating in a difficult (yet improving) regulatory environment." Shares of UniSource Energy closed today at $36.40, down 0.16% from Friday's market close.