Goldman Sachs Analyst Warms To Regulated Utilities

NEW YORK (AP) — Regulated utilities are slowly becoming a good investment opportunity, an analyst said Thursday while changing ratings on key members of the sector.

Goldman Sachs analyst Michael Lapides said he is becoming "incrementally more positive given valuation levels versus historical trends, the interest rate environment, and relative underperformance versus the Standard & Poor's 500 index."

Despite his more upbeat outlook, Lapides kept a "Neutral" rating on the sector, which generally has its prices set by public utility boards throughout the nation. ...