TECO Energy

Williams is out with its report today on TECO Energy (NYSE: TE), initiating TE at Buy. In a note to clients, Williams writes, "We initiate coverage on TECO Energy, Inc. with a Buy investment rating and $21.00 target price on June 21, 2011 at a price of $18.72. Our target price reflects a P/E of 14...

According to Bank of America, TECO Energy (NYSE: TE) rating is downgraded to Underperform from Neutral. Bank of America said that it is downgrading its rating on TECO Energy to Underperform from Neutral due to valuation. “TE's earnings picture has benefited from strength in coal markets and the...

Bank of America has downgraded TECO Energy (NYSE: TE) from Neutral to Underperform and raises the price target from $18 to $18.50.

Deutsche Bank reiterated its Sell rating and $16.50 price target on TECO Energy (NYSE: TE) in a research report published today. In the report, Deutsche Bank states, "TE's Q1 results were weaker than anticipated, but should not impact the company's ability to deliver on 2011 guidance of $1.25-$1....

Morgan Stanley has discontinued coverage of the following companies: The Southern Company (NYSE: SO)Public Service Enterprise Group, Inc. (NYSE: PEG)Progress Energy Inc. (NYSE: PGN)PPL Corporation (NYSE: PPL)Pinnacle West Capital Corporation (NYSE: PNW)Sempra Energy (NYSE: SRE)UIL Holdings Corp. (...

Deutsche Bank is out with its report today on TECO Energy (NYSE: TE), reiterating Sell and a $16.50 PT. In a note to clients, Deutsche Bank writes, "Following Q4 results, we are raising our 2011E by a nickel but reiterating our price target of $16.50 and Sell rating. TE has outperformed the S&P...