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Enter Symbol:
Rating: ITC
Neutral $37
down 15.00 %

Itc Holdings Corp. (NYSE: ITC) upgraded to Neutral with price target $37 by UBS

Wednesday,  Dec 2, 2015  11:25 AM ET by Lynn Gilbert

UBS upgraded Itc Holdings Corp. (NYSE: ITC) to Neutral with price target $37. Previously, UBS rated Itc Holdings Corp. (NYSE: ITC) to Sell with price
target $32 on 09/30/2015, when the stock price was valued at $32.78. Since then, Itc Holdings Corp.'s stock price has gained 15% as of 12/02/2015's recent price of $37.71.
If you had followed UBS's previous recommendation on ITC, you would have lost 15% of your investment in 63 days.

ITC Holdings Corp. (ITC Holdings) is a holding company whose business consists primarily of the operations of its Regulated Operating Subsidiaries, International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC) and ITC Midwest LLC (ITC Midwest). Through its Regulated Operating Subsidiaries, the Company is engaged in the transmission of electricity in the United States. The Company?s Regulated Operating Subsidiaries? transmission facilities are located in the lower peninsula of Michigan and portions of Iowa, Minnesota, Illinois and Missouri, and have agreements with other utilities for the joint ownership of specific substations and transmission lines. The Company also has other subsidiaries focused primarily on business development activities, and a holding company whose activities include corporate debt and equity financings and general corporate activities.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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