Westar Energy, Inc. (WR), Constellation Energy Group (CEG), Baker Hughes (BHI), Halliburton (HAL), Whiting Petroleum Co. (WLL), SandRidge Energy Inc. (SD) and MedAssets, Inc. (MDAS) had ratings and price targets on them adjusted by analysts.
TheStreet downgraded Constellation Energy Group (CEG) to a "Hold" rating.
Raymond James downgraded Baker Hughes (BHI) from an "Outperform" rating to a "Market Perform" rating.
Raymond James downgraded Halliburton (HAL) from a Strong-Buy rating to an "Outperform" rating.
Credit Agricole downgraded Whiting Petroleum Co. (WLL) to an "Outperform" rating.
Caris & Co. upgraded Westar Energy, Inc. (WR) from an "Average" rating to an "Above Average" rating.
Global Hunter Securities upgraded SandRidge Energy Inc. (SD) from an "Accumulate" rating to a "Buy" rating. They raised their price target from $8.50 to $13.00 on the company.
Caris & Co. downgraded MedAssets, Inc. (MDAS) from an "Above Average" rating to an "Average" rating.
Showing posts with label Constellation Energy. Show all posts
Showing posts with label Constellation Energy. Show all posts
Monday, February 27, 2012
Friday, January 6, 2012
Devon (DVN) (CHK) (NSC) (ED) (CEG) (EMR) Ratings, Price Targets
Devon Energy Co. (NYSE: DVN), Chesapeake Energy (NYSE: CHK), Norfolk Southern Corp. (NYSE: NSC), Consolidated Edison, Inc. (NYSE: ED), Constellation Energy Group (NYSE: CEG) and Emerson Electric Co. (NYSE: EMR) ratings and price targets.
Chesapeake Energy (CHK) is now covered by Bank of America (NYSE:BAC). They have a “Buy” rating on the company.
Norfolk Southern Corp. (NSC) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
Consolidated Edison, Inc. (ED) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Neutral” rating.
Constellation Energy Group (CEG) was downgraded by Citigroup from a “Buy” rating to a “Neutral” rating.
Emerson Electric Co. (EMR) is now covered by Morgan Stanley (NYSE:MS). They placed an “Overweight” rating and a price target of $56.00 on the company.
Devon Energy Co. (DVN) had its price target raised by Scotia Capital to $83.00.
Chesapeake Energy (CHK) is now covered by Bank of America (NYSE:BAC). They have a “Buy” rating on the company.
Norfolk Southern Corp. (NSC) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
Consolidated Edison, Inc. (ED) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Neutral” rating.
Constellation Energy Group (CEG) was downgraded by Citigroup from a “Buy” rating to a “Neutral” rating.
Emerson Electric Co. (EMR) is now covered by Morgan Stanley (NYSE:MS). They placed an “Overweight” rating and a price target of $56.00 on the company.
Devon Energy Co. (DVN) had its price target raised by Scotia Capital to $83.00.
Wednesday, October 13, 2010
Citigroup (NYSE:C) on Constellation Energy (NYSE:CEG) and EDF
Commenting on the disintegrating relationship between Constellation Energy (NYSE:CEG) and its largest shareholder, Electricite de France SA, Citigroup (NYSE:C) analyst Sofia Savvantidou said in a note to clients the "preferred option" from Citi's viewpoint would be "A clean exit out of the U.S."
EDF has said as the situation has worsened that they wouldn't be adverse to the sale of Constellation. They had opposed it over the last several months when they interest was shown over a possible sale.
The differences center primarily around Constellations decision to drop out of negotiations over a $7.5 billion loan guarantee related to their joint venture in a Maryland reactor. They felt the resultant risk was too high.
Another point of tension was a battle over a $2 billion put option on non-nuclear plants.
While open to a sale, EDF won't pursue one. They would rather see new management put in place.
EDF holds a board seat of Constellation and has about an 8.4 percent stake in the company.
EDF has said as the situation has worsened that they wouldn't be adverse to the sale of Constellation. They had opposed it over the last several months when they interest was shown over a possible sale.
The differences center primarily around Constellations decision to drop out of negotiations over a $7.5 billion loan guarantee related to their joint venture in a Maryland reactor. They felt the resultant risk was too high.
Another point of tension was a battle over a $2 billion put option on non-nuclear plants.
While open to a sale, EDF won't pursue one. They would rather see new management put in place.
EDF holds a board seat of Constellation and has about an 8.4 percent stake in the company.
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