In a new report, Morgan Stanley analyst Stephen Byrd upgraded the Regulated Utilities industry from Cautious to In-Line.
“For 2016, we are focused on utilities with above-average EPS growth driven by strong infrastructure spend, as well as select merchant power stocks with very strong cash flow profiles,” Byrd explains.
Byrd believes that the market continues to undervalue growth and believes it will better differentiate high-growth names from others in 2016. In addition, he predicts…
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