EdgeWater 10/27/2010 10:18:27 PM
News / Business

Stock Downgrades in Focus (PEG, EXC, PNR, FE)

Stock Downgrades in Focus

Public Service Enterprise Group Inc. (NYSE:PEG) dropped 2.67% to $32.50. This morning, Goldman Sachs downgraded the stock from Conviction Buy to Neutral.

Over the past 52-week, the stock had traded within the range of $29.01-$34.93 and is down more than 3% year-to-date. Over the past six months of sessions, the stock went up more than 4%.

Exelon Corporation (NYSE:EXC) went down 1.46% to $40.50. This morning, Goldman Sachs downgraded the stock from Neutral to Sell.

The stock opened at $40.92 and has a 52-week range of $37.24-$51.98. In the past one month of trading sessions, the stock went down more than 6%.

Pentair, Inc. (NYSE:PNR) fell 1.18% to $32.63. KeyBanc downgraded Pentair, Inc. from Buy to Hold.

The stock went down more than 1% year-to-date.

Earlier in the month, Directors of Pentair, Inc. declared a regular quarterly cash dividend of 19 cents per share payable November 12, 2010 to shareholders of record at the close of business on October 29, 2010.

FirstEnergy Corp. (NYSE:FE) declined 0.82% to $36.15. Soleil Securities downgraded FirstEnergy Corp. from Buy to Hold. The price target was lowered from $43 to $36.

Over the past 52-week, the stock had traded within the range of $33.57-$47.77 and is down more than 23% year-to-date. Over the past five trading sessions, the stock went down more than 8%.

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