By: Benzinga
March 22, 2013 at 14:07 PM EDT
ISI Group Reiterates Neutral on Hawaiian Electric Industries on Settlement Agreement
In a report published Friday, ISI Group analyst Greg Gordon reiterated a Neutral rating and $26.50 price target on Hawaiian Electric Industries (NYSE: HE ). In the report, Gordon noted, “HE priced 6.1m shares at $26.75/shr through a forward sale agreement that must be settled in 24 months, with a
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