UBS Cuts TECO Energy (TE) to Neutral

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January 17, 2012 12:35 PM EST
Get Alerts TE Hot Sheet
Price: $8.56 -6.75%

Rating Summary:
    7 Buy, 8 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Shares of TECO Energy (NYSE: TE) dipped in mid-day trade Tuesday afternoon following an intraday downgrade from UBS. Shares are now down nearly 1.8 percent to $18.27.

UBS now rates TECO shares a Neutral, down from Buy previously. The firm's price target was lowered from $20.50 to $18.

For an analyst ratings summary and ratings history on TECO Energy click here. For more ratings news on TECO Energy click here.

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