Utilities Down as Treasury Rates Rise - Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators fell as interest rates continued to rise.

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Stephen Byrd, an analyst with brokerage Morgan Stanley, said fears about FirstEnergy's nuclear storage issues are likely overdone, and the discount at which FirstEnergy trades to other utility stocks is, consequently, unjustified.

(-By Rob Curran, rob.curran@dowjones.com)

(END) Dow Jones Newswires

July 03, 2017 16:41 ET (20:41 GMT)