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UPDATE: Societe Generale Downgrades American Water Works to Hold
Friday, June 24, 2011 - 7:41am | 123Societe Generale is out with its report today on American Water Works (NYSE: AWK), downgrading AWK from Buy to Hold. In a note to clients, Societe Generale writes, "Having gained 50% in the last 12 months, AWK is trading just a tad below our $30 target price, prompting us to move to Hold from Buy...
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Southern Union Company Up Nearly 15% in Pre-Market on Buyout Offer
Friday, June 24, 2011 - 7:37am | 107Southern Union Company (NYSE: SUG) is up nearly 15% in pre-market after the company received a buyout offer. Williams Companies (NYSE: WMB) proposes to buy Southern Union (NYSE: SUG) for $39 per share in cash. NOTE: Southern Union had previously received an offer of $33 per share in stock from...
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Credit Suisse Updates 6/24/11
Friday, June 24, 2011 - 7:21am | 325Credit Suisse made a number of updates in a research report published today, Southern Company (NYSE: SO) had its rating upgraded from Neutral to Outperform. At the same time, its price target was raised from $40 to $45. On Thursday, Southern lost 0.56% of its value to close the day at $39.34. Its...
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Wunderlich Initiates Exelon At Buy, $47 PT
Friday, June 24, 2011 - 6:54am | 25Wunderlich Securities has initiated coverage on Exelon Corporation (NYSE: EXC) with a Buy rating and $47 price target.
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Wunderlich Initiates DTE Energy At Hold, $52 PT
Friday, June 24, 2011 - 6:52am | 25Wunderlich Securities has initiated coverage on DTE Energy (NYSE: DTE) with a Hold rating and $52 price target.
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Jefferies Raises PT On Southern Union To $39
Friday, June 24, 2011 - 6:13am | 28Jefferies & Company has raised the price target on Southern Union Company (NYSE: SUG) from $33 to $39 and maintains its Hold rating.
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Societe Generale Downgrades AWK To Hold, $30 PT
Friday, June 24, 2011 - 6:05am | 26Societe Generale has downgraded American Water Works (NYSE: AWK) from Buy to Hold and has a $30 price target.
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Credit Suisse Upgrades Southern Company To Outperform, Raises PT To $45
Friday, June 24, 2011 - 5:44am | 28Credit Suisse has upgraded Southern Company (NYSE: SO) from Neutral to Outperform and has raised the price target from $40 to $45.
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Stocks To Watch For June 24
Friday, June 24, 2011 - 12:52am | 384Some of the stocks that may grab investor focus today are: Oracle Corp (NASDAQ: ORCL) posted better-than-expected quarterly profit. Oracle reported its FQ4 net income at $3.2 billion, or $0.62 per share, up from $2.4 billion, or $0.46 per share, in the year-ago period. Its revenue surged to $10.8...
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Southern Union Surges in After-Hours Trading on Buyout Offer
Thursday, June 23, 2011 - 4:17pm | 59Williams Companies (NYSE: WMB) proposes to buy Southern Union (NYSE: SUG) for $39 per share in cash. NOTE: Southern Union had previously received an offer of $33 per share in stock from Energy Transfer Equity (NYSE: ETE).
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Williams Proposes to Acquire Southern Union for $39.00 per Share in Cash Totaling $8.7B
Thursday, June 23, 2011 - 4:01pm | 69Williams (NYSE: WMB) today announced that it has proposed to acquire all of the outstanding shares of Southern Union Company (NYSE: SUG) for $39.00 per share in cash, for a total enterprise value of $8.7 billion. Williams conveyed the all-cash, premium proposal via a letter to the Special Committee...
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Ladenburg Thalmann Initiates Coverage of Middlesex Water With Neutral and PT of $20
Thursday, June 23, 2011 - 9:29am | 98Ladenburg Thalmann initiated its coverage of Middlesex Water (NASDAQ: MSEX) with a Neutral rating and a price target of $20. In a research report published today, Ladenburg states, "Initiating coverage of MSEX with a Neutral rating and a $20 price target, representing a 1-year total return of 12.7...
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J.P. Morgan Downgrades Portland General Electric to Neutral, Reiterates PT of $27
Thursday, June 23, 2011 - 9:18am | 138J.P. Morgan downgraded its rating on Portland General Electric (NYSE: POR). At the same time, J.P. Morgan left its price target on the company's stock unchanged at $27. In a research report published today, J.P. Morgan states, "We are downgrading POR shares to Neutral from Overweight as the series...
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Central Vermont Public Service Trading Over 4% Higher after Superior M&A Offer
Thursday, June 23, 2011 - 9:14am | 60Central Vermont Public Service (NYSE: CV) today received an unsolicited acquisition offer from GazMetro, which the board of directors will review in due course based on our fiduciary responsibilities and contractual commitments to Fortis Inc. Read more here.
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Harris Corporation Receives $23 Million Order From U.S. Department of Defense for Falcon III Handheld Tactical Radios Compatible With Suite B Encryption Standard
Thursday, June 23, 2011 - 9:03am | 254Harris Corporation (NYSE: HRS) has received a $23 million order to supply the U.S. Department of Defense with additional Falcon III® multiband, multi-mission, software-defined radios compatible with Suite B encryption. The DoD is acquiring RF-310M-HH radios to provide simplified communications...