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Fly News Breaks for August 9, 2019
HE
Aug 9, 2019 | 07:00 EDT
JPMorgan analyst Christopher Turnure downgraded Hawaiian Electric to Underweight from Neutral while raising his price target for the shares to $38 from $37. At current valuation levels, the shares are not accounting for risks and command an "unwarranted premium" versus peers, Turnure tells investors in a research note. The stock's strong year-to-date performance leaves Hawaiian Electric overvalued, says the analyst.
News For HE From the Last 2 Days
HE
Apr 25, 2024 | 12:25 EDT
HE
Apr 25, 2024 | 11:28 EDT
HE
Apr 25, 2024 | 11:08 EDT
Hawaiian Electric Industries is exploring options, including a sale of American Savings Bank FSB, people familiar with the matter told Bloomberg's Matthew Monks and Gillian Tan. Hawaiian Electric is working with advisers to weigh various options for the bank, including a full or partial sale, though no final decision has been made and Hawaiian could opt to hold onto the lender, the report said.
