UPDATE: Goldman Sachs Downgrades SCANA to Sell

According to a research report this morning, Goldman Sachs is downgrading SCANA Corp.'s

rating to Sell concluding that their estimates fell 3%. Goldman Sachs stated, “We downgrade SCANA Corp (

) from Neutral to Sell, relative to our Neutral view on utilities, with 7% downside to target, as we believe SCG should trade at a discount multiple to peers, given (1) potential negative consensus estimate revisions, as our estimates appear 3% below consensus, (2) above-average construction risk on the new nuclear project underway in S Carolina, and (3) SCG historically traded at a discount to peers, whereas currently the shares trade at peer group levels on our EPS outlook.” SCANA closed Friday at $44.28 whilst Goldman Sachs decreased their PT from $42 to $41.