Utilities Gain Back Some Losses After Fed Statement -- Utilities Roundup

Features Dow Jones Newswires

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, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 13, 2017 16:27 ET (21:27 GMT)