GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Vectren Corporation (VVC) [hlAlert]

Rating:
Hold VVC
down 19.38 %

Vectren Corporation (VVC) downgraded to Hold by Citigroup

Posted on: Monday,  Aug 3, 2009  9:25 AM ET by Citigroup

Citigroup rated Hold Vectren Corporation (NYSE: VVC) on 08/03/2009. Previously Citigroup rated Buy Vectren Corporation (NYSE: VVC) on 11/05/2007., when
the stock price was $28.89. Since then, Vectren Corporation has lost 19.38% as of 08/03/2009's recent price of $23.29.
If you would have followed the previous Citigroup's recommendation on VVC, you would have lost 19.38% of your investment in 637 days.

Vectren Corporation (Vectren) is an energy holding company. The Company?s wholly owned subsidiary, Vectren Utility Holdings, Inc. (Utility Holdings), serves as the intermediate holding company for three operating public utilities: Indiana Gas Company, Inc. (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and the Ohio operations (VEDO). Utility Holdings also has other assets that provide information technology and other services to the three utilities. Indiana Gas provides energy delivery services to over 568,000 natural gas customers located in central and southern Indiana. SIGECO provides energy delivery services to over 141,000 electric customers and approximately 111,000 gas customers located near Evansville in southwestern Indiana. SIGECO also owns and operates electric generation.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/3/2009 9:25 AM Hold
None
23.29
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -6.87 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2007 9:25 AM Buy
None
28.89

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy