Jefferies Upgrades OGE Energy (OGE) to Buy; Two Free Options for Shareholders
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Price: $34.32 +1.18%
Rating Summary:
4 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
4 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Jefferies upgraded OGE Energy (NYSE: OGE) from Hold to Buy with a price target of $76.00 (from $74.00), saying the current price gives investors two free options for higher than expected earnings.
Analyst Paul B. Fremont elaborates, "The first option involves higher environmental spending at the utility related to a court decision expected sometime this summer. The second option is additional growth projects at the recently announced MLP."
For an analyst ratings summary and ratings history on OGE Energy click here. For more ratings news on OGE Energy click here.
Shares of OGE Energy closed at $67.48 yesterday.
Analyst Paul B. Fremont elaborates, "The first option involves higher environmental spending at the utility related to a court decision expected sometime this summer. The second option is additional growth projects at the recently announced MLP."
For an analyst ratings summary and ratings history on OGE Energy click here. For more ratings news on OGE Energy click here.
Shares of OGE Energy closed at $67.48 yesterday.
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