July 20, 2017 / 3:06 PM / 2 months ago

BUZZ-Avista Corp: Hits highest since 2000 on Hydro One deal

** U.S.-based electric utility’s shares surge 19.3 pct to 17-1/2 year high of $51.69 - stock biggest percentage gainer on NYSE

** Canada-based Hydro One on Wednesday offered to buy co for C$6.7 bln ($5.32 bln) in cash

** Ladenburg Thalman raises AVA PT to $53 from $39

** All 4 brokerages covering the stock rate it “hold”; their median PT $42

** Up to Wednesday’s close, AVA had risen 8.4 pct this year

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