Williams is out with its report today on UniSource Energy UNS, initiating UNS at Hold.
In a note to clients, Williams writes, "We initiate coverage on UniSource Energy Corporation with a Hold investment rating and $41.00 target price on July 8, 2011 at a price of $38.34. While we like UniSource's growth prospects and our target price suggests a respectable total return potential over the next 12 months of approximately 11%, we believe that UNS is a borderline investment decision at this time."
Shares of UNS closed Thursday at $38.34.
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