Jefferies Lifts PT, Trims Q1 EPS on PNM Resources (PNM)
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Price: $41.77 --0%
Rating Summary:
8 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
8 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Jefferies bumped its price target on PNM Resources (NYSE: PNM) higher from $20.50 to $21 but trimmed Q1 EPS by $0.05 to $0.05 while increasing 2Q12 earnings by $0.05 to $0.25.
"The change in our 1Q12 estimate is largely driven by mild weather during the first quarter," the analyst said.
Jefferies maintained its Buy rating on the stock.
For an analyst ratings summary and ratings history on PNM Resources click here. For more ratings news on PNM Resources click here.
Shares of PNM Resources closed at $18.47 yesterday.
"The change in our 1Q12 estimate is largely driven by mild weather during the first quarter," the analyst said.
Jefferies maintained its Buy rating on the stock.
For an analyst ratings summary and ratings history on PNM Resources click here. For more ratings news on PNM Resources click here.
Shares of PNM Resources closed at $18.47 yesterday.
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