El Paso Electric (EE) Misses Q1 EPS by 7c

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Jefferies Remains Sidelined on El Paso Electric (EE) as 1Q EPS Misses Target

May 5, 2016 8:57 AM EDT

Jefferies reiterated a Hold rating on El Paso Electric Company (NYSE: EE), and raised the price target to $47.00 (from $44.00), following the company's 1Q earnings report. EE reported an EPS loss of ($0.14), missing the Consensus of a loss of ($0.10). The decrease in earnings... More