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.
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.
Continue Reading Below
-Rob Curran, email@example.com
(END) Dow Jones Newswires
December 13, 2017 16:27 ET (21:27 GMT)