UPDATE: Credit Suisse Upgrades EnerNOC (ENOC) to Outperform, $23 Price Target

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Credit Suisse upgraded shares of EnerNOC (NASDAQ: ENOC) to an Outperform rating from its previous rating of Neutral on May 16, 2011. The firms current price target is $23.

The firm comments that the upgrade reflects better than expected PJM power market auction results that it believes likely secured growth into 2014.

Credit Suisse also commented that the uncertainty surrounding proposed demand response compensation rule changes is now fully priced into the stock.

For more ratings news on EnerNOC click here and for the rating history of EnerNOC click here.

Shares of EnerNOC closed at $17.05 yesterday, with a 52 week range of $16.50-$36.75.

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