Wunderlich Securities Initiates Coverage on OGE Energy (OGE) with a Buy
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Wunderlich Securities initiates coverage on OGE Energy (NYSE: OGE) with a Buy. Price target $32.
Wunderlich analyst says, "This under-appreciated utility has above-average earnings growth prospects, solid transmission expansion, and renewable resource development opportunities, constructive regulation, and strong management. Further, the company has above-average leverage to an improving economy through its gas transportation, storage, gathering and processing operations, Enogex. All of this, coupled with an attractive valuation, drives our investment thesis on the stock."
To see more analyst ratings on OGE Click Here.
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider offering physical delivery and related services for electricity and natural gas primarily in the south central United States.
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