PNM Resources Board Declares Quarterly Common Stock Dividend

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PNM Resources (PNM) PT Raised to $40 at Jefferies Following 2Q

July 31, 2017 8:03 AM EDT

Jefferies raised its price target on PNM Resources (NYSE: PNM) to $40.00 (from $38.00) while maintaining a Hold rating. PNM reported strong 2Q EPS of $0.49 which compares to Street estimates of $0.44. Results were driven by a $0.10 improvement at PSNM due to rate relief and higher... More