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Allegheny Energy, Inc. (AYE) [hlAlert]

Rating:
Hold AYE
down 7.21 %

Allegheny Energy, Inc. (AYE) downgraded to Hold with price target $28 by Jefferies & Co

Posted on: Monday,  Sep 14, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Hold Allegheny Energy, Inc. (NYSE: AYE) on 09/14/2009. Previously Jefferies & Co rated Buy Allegheny Energy, Inc. (NYSE: AYE)
on 04/17/2009., when the stock price was $27.16. Since then, Allegheny Energy, Inc. has lost 7.22% as of 09/14/2009's recent price of $25.20.
If you would have followed the previous Jefferies & Co's recommendation on AYE, you would have lost 7.21% of your investment in 150 days.

Allegheny Energy, Inc. (Allegheny) is an integrated energy business that owns and operates electric generation facilities and delivers electric services to customers in Pennsylvania, West Virginia, Maryland and Virginia. Allegheny operates in two business segments: the Delivery and Services segment, which includes Allegheny?s electric transmission and distribution (T&D) operations, and the Generation and Marketing segment, which includes Allegheny?s power generation operations.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/14/2009 8:25 AM Hold
None
25.20 28.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -25.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2009 9:25 AM Buy
None
27.16 32.00
2/12/2009 8:25 AM Buy
None
28.56 39.00
6/26/2007 11:25 AM Buy
None
52.08 61.00

(*) Stock Price at the time of the recommendation.
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