Integrys (TEG +3.8%) springs to highs of the day after D.A. Davidson upgrades shares to Buy with...

|About: Integrys Energy Group, Inc. (TEG)|By:, SA News Editor

Integrys (TEG +3.8%) springs to highs of the day after D.A. Davidson upgrades shares to Buy with a new $59 price target (up from $55) following TEG's purchase of the Fox Energy Center in Wisconsin. The firm says Fox potentially adds ~$20M to the utility's annual regulated earnings power and sets the stage for higher earnings in 2013 and a cash return in 2014.