Shares of power-plant operators gained back some of their recent losses as traders digested a statement from the Federal Reserve that was more dovish than some had feared. While the Fed raised short-term interest rates as anticipated, the target of three hikes for 2018 was somewhat less than some traders had feared.
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Analysts at brokerage Morgan Stanley said regulated utilities are trading at a premium to historical levels but could see further up-side in 2018, based on favorable "fundamentals" in the power business.
-Rob Curran, email@example.com
(END) Dow Jones Newswires
December 13, 2017 16:27 ET (21:27 GMT)