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Bank Of America Upgrades FirstEnergy, Says Regulated Growth Is Key To Success
Wednesday, April 8, 2015 - 8:32am | 174Bank 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,...
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UPDATE: Bank Of America Reiterates On PPL Following Spin-Off Announcement
Wednesday, June 11, 2014 - 8:08am | 142In 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...
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UPDATE: Bank of America Reiterates on Dominion Resources Following Midstream Partners S-1
Thursday, April 3, 2014 - 10:00am | 122In 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...
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UPDATE: Bank of America Downgrades Pinnacle West Capital on Difficult Regulatory Cycle Ahead
Friday, March 28, 2014 - 8:12am | 146In 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...
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UPDATE: Bank of America Reiterates on The Southern Company on Updated Estimates
Tuesday, March 11, 2014 - 10:18am | 131In 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....
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UPDATE: Bank of America Reiterates on UIL Following News of PGW Deal
Tuesday, March 4, 2014 - 9:42am | 184In 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...
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UPDATE: Bank of America Reinstates Coverage on Portland General Electric as Improving Valuation Reflects Outlook
Friday, December 20, 2013 - 11:55am | 144In 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...
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UPDATE: Bank of America Reiterates on American Water Works Company on Analyst Day Highlights
Wednesday, December 18, 2013 - 12:00pm | 191In 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...
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UPDATE: Bank of America Upgrades Great Plains Energy on Improved Regulatory Outlook
Tuesday, November 19, 2013 - 11:31am | 185In 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...
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UPDATE: Bank of America Initiates Coverage on Pattern Energy as Organic/ROFO Growth is Not Fully Valued
Wednesday, November 6, 2013 - 10:08am | 155In 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...
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UPDATE: Bank of America Initiates NRG Yield at Buy on Significant Growth Potential
Monday, August 12, 2013 - 8:04am | 146In 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...
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Gabelli & Co Analyst Chin Weighs in On Molycorp Before Earnings Release
Thursday, August 11, 2011 - 3:01pm | 486Molycorp (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...
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Top Percentage Gainers and Losers as of 2:15pm 5/16/2011 (VITA, SYK, CISG, TISA, ENOC, TSTC, SPMD, KNDI, ABIO, KONG, OXGN, VRML, PSTR, FXCM, ATRN, SYMX, GSL)
Monday, May 16, 2011 - 2:15pm | 627Best 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...
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Citi Downgrades NextEra Energy Despite Outperformance (NEE)
Tuesday, July 27, 2010 - 9:56am | 104NextEra 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%,...
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Citigroup Maintains Buy Rating On Calpine Corporation (CPN)
Tuesday, June 1, 2010 - 11:11am | 98Analyst 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....