Credit Suisse (NYSE:CS) took aim at the energy sector, raising the rating of Allegheny Energy (NYSE:AYE) and FirstEnergy (NYSE:FE) while downgrading Entergy Corporation (NYSE:ETR).
Allegheny Energy and FirsEnergy were upgraded from "Neutral" to "Outperform," and Entergy Corporation was downgraded from "Outperform" to "Neutral."
Allegheny closed Thursday at $23.54, gaining $0.29, or 1.25 percent. Volume was up over 30 percent from the 3-month average.
FirstEnergy closed at $37.39, up $0.32, or 0.86 percent. Volume for them was also much higher than the daily average.
Entergy closed at $76.40, falling $0.65, or 0.84 percent. Trading volume increased for them as well.
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