Why Hawaiian Electric Stock Slumped Today
The dominant power utility in its state, Hawaiian Electric (NYSE: HE) wasn't looking all that mighty on the stock exchange Tuesday. The company's shares fell 2.5% after an analyst downgraded its rating.
Hawaiian Electric is a stock investors should sell these days, at least according to the latest update from Jefferies' Julian Dumoulin-Smith. On Tuesday morning, the pundit pulled the lever on a recommendation downgrade, rerating Hawaiian Electric as an underperform (sell, in other words) from his previous buy.
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Source Fool.com
