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Jefferies Raises Price Target on El Paso Electric (EE) Slightly Due to New Estimates

January 12, 2012 10:51 AM EST
EE Hot Sheet
Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 11 | New: 38
Jefferies is reaffirming its Hold rating on shares of El Paso Electric Company (NYSE: EE) while raising its price target from $34.50 to $35.00.

The firm tweaked its Q4 and FY11 EPS estimates up by $0.05 to $0.20 and $2.55 and reiterated its FY12, FY13, and FY14 EPS estimates of $2.40, $2.45, and $2.60.

For an analyst ratings summary and ratings history on El Paso Electric Company click here. For more ratings news on El Paso Electric Company click here.

Shares of El Paso Electric Company closed at $34.78 yesterday, with a 52 week range of $26.65-$35.71.


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