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Wall Street Reacts To The Latest PG&E Liability Ruling
Friday, January 25, 2019 - 11:45am | 563Read More...PG&E Corporation (NYSE: PCG) investors recieved some much-needed good news Thursday that sent the stock skyrocketing nearly 75 percent. PG&E was cleared of liability for the 2017 California wildfires, and several Wall Street analysts have already weighed in on what the latest news means for...
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JPMorgan Says Dominion Resources 'Running Out of Steam,' Downgrades To Neutral
Thursday, June 16, 2016 - 9:51am | 306Read More...JPMorgan has downgraded Dominion Resources, Inc. (NYSE: D) to Neutral from Overweight on lower prices at New England power and ITC earnings pullback. The brokerage noted that New England ATC power prices for 2017 are down 7 percent year-to-date and 20 percent over the last 12 months — worse...
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Xcel Energy Receives Bullish Commentary From JPMorgan
Thursday, June 16, 2016 - 8:34am | 308Read More...JPMorgan analysts Christopher Turnure, Christopher Salley and Andrew Pon are bullish on the shares of Xcel Energy Inc (NYSE: XEL) by upgrading the stock to Overweight from Neutral. The brokerage also boosted its price target to $47.00 from $39.00. According to the three analysts, there are four...
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JPMorgan Believes South Jersey Industries Shares 'Reflect Appropriate Risk To 2020 Earnings'
Tuesday, June 14, 2016 - 10:51am | 299Read More...JPMorgan initiated its coverage on South Jersey Industries Inc (NYSE: SJI) shares with a Neutral rating and price target of $31 by December 2017. The brokerage believes the company's shares reflected appropriate risk to the earnings of the year 2020. JPMorgan analysts Christopher Turnure,...
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JPMorgan On Why Black Hills Is A 'Solid Execution Story With Upside'
Monday, April 25, 2016 - 5:33pm | 275Read More...JPMorgan views Black Hills Corp (NYSE: BKH) as "solid execution story with upside," while rating the diversified energy company Overweight with a $62 price target. Despite the stock gaining 23 percent this year, analyst Christopher Turnure sees outperformance in shares over the next...
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Worst Case Scenario: JPMorgan Says PG&E Still Worth $62/Share Amid Criminal Trial
Monday, April 25, 2016 - 1:05pm | 299Read More...JPMorgan’s Christopher Turnure believes that the risks facing PG&E Corporation (NYSE: PCG) are more than priced into the stock, which continues to trade at a meaningful discount to peers. Turnure maintains an Overweight rating on the company, while lowering the price target from $66 to $...
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JPMorgan On Gas Utilities: Atmos Remains Undervalued, Nisource Downgraded
Tuesday, March 29, 2016 - 12:56pm | 221Read More...JPMorgan issued an industry note on gas utilities noting that premium multiples have made valuations relatively high, limiting the opportunity to earn significant returns. In the report, analysts did highlight Atmos Energy Corporation (NYSE: ATO) as a value opportunity while reiterating their...
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Duke Energy's Core Is Disappointing; JPMorgan Cuts To Neutral
Friday, February 19, 2016 - 10:31am | 340Read More...JPMorgan’s Christopher Turnure has downgraded the rating on Duke Energy Corp (NYSE: DUK) from Overweight to Neutral, while lowering the price target from $82 to $81. Turnure explained that the downgrade was based on a “disappointing core business outlook,” “as growth now...
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UPDATE: JP Morgan Upgrades Exelon On Portfolio Of Undervalued Options
Thursday, March 5, 2015 - 11:07am | 113Read More...In a report published Thursday, J.P. Morgan analyst Christopher Turnure upgraded the rating on Exelon (NYSE: EXC) from Neutral to Overweight. In the report, J.P. Morgan noted, "Over the past two months Exelon has out-of-market support for IL and NY nuclear units advance and has moved forward in POM...
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UPDATE: J.P. Morgan Reiterates On Piedmont Natural Gas Company, Inc. On Long-Term Growth Outlook
Tuesday, September 9, 2014 - 9:28am | 145Read More...In a report published Tuesday, J.P. Morgan analyst Christopher Turnure reiterated a Neutral rating on Piedmont Natural Gas Company, Inc. (NYSE: PNY), and raised the price target from $34.00 to $37.00. In the report, J.P. Morgan noted, “Piedmont reported a seasonal loss of $(0.09) in 3Q14, lower...
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UPDATE: J.P. Morgan Downgrades Black Hills Corp. Ahead of Anticipated Decrease in Momentum
Tuesday, October 1, 2013 - 10:29am | 174Read More...In a report published Tuesday, J.P. Morgan analyst Christopher Turnure downgraded the rating on Black Hills Corp. (NYSE: BKH) from Overweight to Neutral, but reiterated the $50.00 price target. In the report, J.P. Morgan noted, “We now see potential E&P development upside and other utility and...
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UPDATE: J.P. Morgan Upgrades Dominion Resources on MLP, Cove Point Visibility
Friday, September 13, 2013 - 1:50pm | 167Read More...In a report published Friday, J.P. Morgan analyst Christopher Turnure upgraded the rating on Dominion Resources (NYSE: D) from Neutral to Overweight, and raised the price target from $61.00 to $68.00. In the report, J.P. Morgan noted, “Dominion's announcements yesterday regarding midstream growth...
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UPDATE: J.P. Morgan Downgrades Xcel Energy to Underweight on Key Growth Driver Changes
Tuesday, August 20, 2013 - 10:36am | 195Read More...In a report published Tuesday, J.P. Morgan analyst Christopher Turnure downgraded the rating on Xcel Energy (NYSE: XEL) from Neutral to Underweight, and lowered the price target from $33.00 to $27.00. In the report, J.P. Morgan noted, “Xcel has seen two key growth driver changes in 2013: 1) a...
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UPDATE: J.P. Morgan Initiates Laclede Group with Overweight on Underestimated Earnings Growth Potential
Tuesday, August 20, 2013 - 10:35am | 167Read More...In a report published Tuesday, J.P. Morgan analyst Christopher Turnure initiated coverage on Laclede Group (NYSE: LG) with an Overweight rating and $50.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of Laclede Group with an Overweight rating and a $50 December 2014...
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UPDATE: JP Morgan Initiates Hawaiian Electric Industries at Neutral on Clear Growth Path
Friday, May 31, 2013 - 10:05am | 151Read More...In a report published on Friday, JP Morgan analyst Christopher Turnure initiated coverage on Hawaiian Electric Industries (NYSE: HE) with a Neutral rating and a price target of $27.00. In the report, JP Morgan noted, "Hawaiian is on the cusp of a major utility capex growth cycle driven...
