Wells Fargo lowered the firm’s price target on Hawaiian Electric to $11.50 from $14 and keeps an Equal Weight rating on the shares. The firm continues to believe there is a high probability that a wildfire settlement moves forward. But Hawaiian Electric may need to contribute more, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HE: