Brian Chin

Bank of America Merrill Lynch issued a company note on FirstEnergy Corp. (NYSE: FE) after a meeting with senior management. Bank of America upgraded FirstEnergy from Neutral to Buy and set a $40 price target. Analyst Brian Chin wrote, "We find FirstEnergy's focus on balance sheet repair,...

In a report published Wednesday, Bank of America analyst Brian Chin reiterated a Buy rating on PPL (NYSE: PPL), and raised the price target from $36.00 to $39.00. In the report, Bank of America noted, “On 6/10/14 PPL Corp. announced it has agreed to spin off PPL Supply, its ~10GW merchant power...

In a report published Thursday, Bank of America analyst Brian Chin reiterated a Buy rating on Dominion Resources (NYSE: D), and raised the price target from $71.00 to $75.00. In the report, Bank of America noted, “Following the filing of Dominion Midstream Partners' (ticker DM), we are refining...

In a report published Friday, Bank of America analyst Brian Chin downgraded the rating on Pinnacle West Capital (NYSE: PNW) from Buy to Neutral, and lowered the price target from $59.00 to $55.00. In the report, Bank of America noted, “We are downgrading shares of PNW to Neutral from Buy, with a...

In a report published Tuesday, Bank of America analyst Brian Chin reiterated a Neutral rating on The Southern Company (NYSE: SO), and raised the price target from $42.00 to $43.00. In the report, Bank of America noted, “Our 2014-16 consolidated EPS estimates for Southern Company are now $2.76, $2....

In a report published Tuesday, Bank of America analyst Brian Chin reiterated a Neutral rating on UIL (NYSE: UIL), but lowered the price target from $41.00 to $39.00. In the report, Bank of America noted, “On 3/3/14, UIL announced it was the winner of the auction to purchase Philadelphia Gas Works...

In a report published Friday, Bank of America analyst Brian Chin reinstated coverage on Portland General Electric (NYSE: POR) with a Neutral rating and $32.00 price target. In the report, Bank of America noted, “Portland General Electric (PGE) is a single state regulated utility with service...

In a report published Wednesday, Bank of America analyst Brian Chin reiterated a Buy rating on American Water Works Company (NYSE: AWK), and raised the price target from $47.00 to $48.00. In the report, Bank of America noted, “American Water provided 2014 guidance of $2.35-$2.45, a midpoint...

In a report published Tuesday, Bank of America analyst Brian Chin upgraded the rating on Great Plains Energy (NYSE: GXP) from Underperform to Buy, and raised the price target from $23.00 to $27.00. In the report, Bank of America noted, “We are upgrading GXP shares to Buy from Underperform due to 1...

In a report published Wednesday, Bank of America analyst Brian Chin initiated coverage on Pattern Energy (NASDAQ: PEGI) with a Buy rating and $28.00 price target. In the report, Bank of America noted, “We are initiating research coverage of Pattern Energy Group with a Buy rating and $28 price...

In a report published Monday, Bank of America analyst Brian Chin initiated coverage on NRG Yield (NYSE: NYLD) with a Buy rating and $36.00 price target. In the report, Bank of America noted, “We are initiating coverage of NRG Yield with a Buy recommendation and $36 price objective. NRG Yield is...

Molycorp (NYSE: MCP) is set to report earnings on Thursday. A surprise beat or miss could move shares of the company's stock dramatically. Yet, the company's future may ultimately be dominated more so by macroeconomic trends than financial performance. Molycorp is currently devoted to producing...

Best 1) Orthovita (NASDAQ: VITA): Trading up 40.1% from Friday's close to $3.82. Orthovita is set to be acquired by Stryker (NYSE: SYK) for $3.85 per share in cash. The deal is valued at $316 million. 2) CNinsure (NASDAQ: CISG): Trading up 30.3% from Friday's close to $17.15. CNinsure received an...

NextEra Energy (NEE) has been downgraded by Citi to Hold from Buy. Citi analysts Brian Chin and Hasan Doza said, Since the end of the first quarter (see related 3/24/10 note, NextEra Energy),NextEra has outperformed the S&P 500 Index and the Philadelphia Utility Index (UTY) by ~14% and ~6%,...

Analyst Brian Chin at Citigroup (NYSE: C) has released an update on Calpine Corporation (NYSE: CPN). Following recent meetings with Calpine's management, Citigroup says that its investment thesis on the company is still intact. Citi said Calpine is the most levered to an economic recovery....