6 Bearish Energy Picks From UBS
By Insider Monkey: UBS Investment Research published a report entitled “US Research” on December 30, 2011. The report isn’t publicly available, but we will summarize its main points. In the report, UBS analysts have listed the most and least preferred stocks for investment in 2012. Discussed below are the least preferred investments from within the energy sector. Northeast Utilities (NU) has been given an equal-weight rating by UBS. Northeast Utilities’ merger with NSTAR is now pending with the MA regulators after the companies, the AG, and the Department of Energy Resources failed to reach a settlement agreement in late December. The longer the closing of the merger is delayed, the greater is the likelihood for legislative developments. Additionally, Northeast Utilities and NSTAR are jointly involved in the development of a high voltage DC transmission line, Northern Pass, from Canada into New Hampshire. UBS has given a price target of $35 based on theComplete Story »
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