By: Benzinga
April 17, 2013 at 12:26 PM EDT
UPDATE: Deutsche Bank Downgrades ITC Holdings to Hold on Strong Performance, Unresolved Overhangs
In a report published Wednesday, Deutsche Bank analyst Jonathan Arnold downgraded the rating on ITC Holdings Corp. (NYSE: ITC ) from Buy to Hold, but raised the price target from $88.00 to $93.00. In the report, Arnold noted, “Regulateds continue to stretch the valuation envelope trading at 17x 2013 earnings
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