PNM Resources, Inc. (PNM) Declares $0.185 Quarterly Dividend; 2.9% Yield

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PNM Resources (PNM) Target Lifted to $30.50 at Jefferies

March 3, 2014 6:52 AM EST

Jefferies analyst Paul Fremont reiterated a Buy rating and raised his price target on PNM Resources (NYSE: PNM) from $28 to $30.50 after the company announced the purchase of a 31 MW leasehold interest in Palo Verde Unit 2 for $2,500 per KW.

"The sale price is... More