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Analysts Just Downgraded These 2 Utilities Stocks

November 02 2011 Tweet Email This

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Utilities sector for the week ending October 28th, 2011

ITC Holdings (NYSE:ITC): Argus downgraded its rating on this company from Buy to Hold. About the company: ITC Holdings Corporation is a holding company. Through subsidiaries, the Company transmits electricity from electricity generating stations to local electricity distribution facilities. ITC invests in electricity transmission infrastructure improvements as a means to improve electricity reliability and reduce congestion.
NorthWestern (NYSE:NWE): DA Davidson downgraded its rating on this company from Buy to Neutral and changed its price target to $36. About the company: NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas in the Upper Midwest and Northwest serving customers in Montana, South Dakota, and Nebraska.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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