Deutsche Bank Reiterates Sell on TECO Energy, Reduces PT to $16

Deutsche Bank reiterated its Sell rating on TECO Energy TE. At the same time, the rating agency reduced its price target on the company's stock from $17 to $16. On Thursday, TE lost 5.28% of its value to finish the day at $17.39. Its shares continued to slide in today's pre-market trading, falling 8.51% to stand around $15.91.