Does anyone know why Merrill downgraded SXW from a buy to neutral?
M.Lynch does not like utilities.They downgrade all of them.They want you to sell and then turn around and want you to buy again.Double dipping. I would not do business with them.
They are probably buying Nevada Power from Sierra pacific. That would be cause for the downgrade.
m lynch has to create market trades to earn commissions...and their idiot analysts put this kind of crap out that many investors react to....this stock will be back over 20.25 as soon as this downgrade is forgotten..probably in a few days...