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.)