Jefferies Upgrades OGE Energy (OGE) to Buy
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Price: $48.60 +0.48%
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 54
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 54
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Jefferies upgraded OGE Energy (NYSE: OGE) from Hold to Buy with a price target of $59.50 (up from $56).
The firm comments, "A recent EPA decision regarding regional haze will require the utility to install an estimated $1.0 billion in dry scrubbers (by 2017), which Jefferies estimates will contribute $0.54 to EPS."
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 $53.11 yesterday.
The firm comments, "A recent EPA decision regarding regional haze will require the utility to install an estimated $1.0 billion in dry scrubbers (by 2017), which Jefferies estimates will contribute $0.54 to EPS."
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 $53.11 yesterday.
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