Jefferies initiated coverage of Hawaiian Electric (HE) with a Hold rating and $11.50 price target The firm sees a path for the company to “emerge resiliently from the current uncertainty,” but starts the stock at Hold given an uncertain legislative session and critical de-risking event on approval of Hawaiian Electric’s pending settlement on legacy Maui wildfires, which is as yet unresolved.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HE:
- Hawaiian Electric price target lowered to $10 from $11 at Evercore ISI
- Hawaiian Electric price target raised to $11 from $9 at Evercore ISI
- Hawaiian Electric Industries Reports Q3 2024 Results
- Hawaiian Electric undertaking review of strategic options for Pacific Current
- Hawaiian Electric reports Q3 core EPS 46c, two estimates 52c