NEW YORK, February 6 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Hold rating on the shares of TECO Energy (NYSE: TE). The 12-month target price is set to $17.
 
In a research note published on February 3, the analysts are lowering the estimates, largely at TECO Coal, following the company's Q4 release. However, the analysis indicates that the market is putting an high value on TE’s utility and coal mining subsidiaries. TECO Energy’s above average and secure dividend yield is expected to be substantially constraining the downside in the present market conditions, according to Deutsche Bank Securities.