Wunderlich Securities Maintains Hold Rating On SCG

Wunderlich Securities is maintaining its Hold rating on SCANA SCG. “While our visit lent confidence to our financial outlook for SCG, we struggle with timing,” Wunderlich Securities writes. “While we have calculated a worst-case scenario assuming a potential delay in nuclear capex, lingering investor concern over this matter may put a ceiling on shares in the near term. Ultimately, we believe the passage of time will decrease investor skepticism on the name, and expect this is more likely to occur in the near term as opposed to the long term.” SCANA closed Tuesday at $38.62.