NEW YORK, July 23, 2012 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC: $75) has been picked by S&P Capital IQ as its Focus Stock of the Week. ITC carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"We think the company's fundamentals, growth projects, and ability to raise rates with increases in the rate base will attract investors to the shares and help drive its valuation higher relative to peers, pushing the stock to higher levels," said Christopher Muir, equity analyst at S&P Capital IQ. "The company has several transmission projects it is building or developing in multiple states, which is helping to drive earnings per share growth."
"ITC's rates are regulated by the Federal Energy Regulatory Commission on a cost-of-service basis, which reduces risk," continued Muir. "The regulatory certainty provided by this rate-setting mechanism is what helps the company to significantly reduce the company's business risk."
To view a video of Mr. Muir discussing ITC click on the following link. Weblink to video
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