Pike Electric (PIKE -5.7%) trades lower today after Stifel Nicolaus cut the shares from Buy to...

|About: Pike Corporation (PIKE)|By:, SA News Editor

Pike Electric (PIKE -5.7%) trades lower today after Stifel Nicolaus cut the shares from Buy to Hold on valuation and removed its price target on the stock. The stock is trading on heavy volume, with more than 960K shares changing hands, which is more than triple the 3-month daily average.