(STR) Questar Corporation – Bull of the Day

Buoyed by robust operating results and an enhanced guidance by management, we are upgrading Questar Corp. (STR) to Outperform from Neutral. We believe the company will be able to generate meaningful earnings and dividend growth in the coming years through strong operational performances by its business units.

Other positives in the Questar story include its sole emphasis on natural gas markets, its focus on long-term contracts and the efficient managerial team. Ongoing gains from cost cutting initiatives add to the bullish sentiment.

Going forward, we believe that Questar’s outlook is promising and it offers attractive long-term upside potential for investors. As such, we rate shares of Questar as an attractive investment. Our $23 price objective reflects a 2011 P/E multiple of 20.4x.

QUESTAR (STR): Free Stock Analysis Report

Zacks Investment Research

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