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The Honolulu Advertiser

Posted at 9:28 a.m., Thursday, November 2, 2006

Hawaiian Electric cut to 'neutral' from 'outperform'

Advertiser Staff

Hawaiian Electric Industries Inc., was downgraded to "neutral" from "outperform" by analyst David E. Parker of Robert W. Baird & Co., according to Bloomberg News.

Honolulu-based HEI yesterday reported third-quarter earnings fell 14 percent to $32.3 million compared with the same quarter a year earlier.