BUZZ-BofA upgrades US utilities sector to 'overweight'

Reuters09-09

** Brokerage BofA Global Research upgrades U.S. utilities sector to "overweight" from "marketweight"

** "On the heels of softer employment data...the dividend yield of most utilities and real estate firms are more attractive given their inherent inflation protection," - BofA

** Last month, BofA analysts said they expect the utilities sector to perform well through the remainder of the year as demand growth continues to grab investor attention

** As of last close, the S&P 500 utilities sector has risen 19.2% YTD, compared with a 13.4% increase in the S&P 500 index

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment