Jefferies Downgrades OGE Energy (OGE) to Hold; Stock Now Reflecting Enogex's Value
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Price: $46.73 -0.43%
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Jefferies downgraded OGE Energy (NYSE: OGE) from Buy to Hold with a price target of $56 (up form $47).
The firm said their upgrade in August was based on the view that market was ascribing very little value to Enogex. This has changed over the past few months and they now believe the current stock price reflects Enogex's full value.
For more ratings news on OGE Energy click here and for the rating history of OGE Energy click here.
Shares of OGE Energy closed at $53.16 yesterday.
The firm said their upgrade in August was based on the view that market was ascribing very little value to Enogex. This has changed over the past few months and they now believe the current stock price reflects Enogex's full value.
For more ratings news on OGE Energy click here and for the rating history of OGE Energy click here.
Shares of OGE Energy closed at $53.16 yesterday.
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