↘️ Hawaiian Electric Industries (HE): The utility company’s stock was down more than 3% in afternoon trading following a big jump Monday. A unit of Hawaiian Electric denied Monday that its power lines were responsible for the wildfire that destroyed the town of Lahaina.
↗️ AT&T (T), Verizon Communications (VZ): The large-cap telecom stocks rose more than 2% after they were upgraded to “buy” by Citi. The bank said that current valuations might be over discounting for the costs of remediating for lead-covered cables.
