OGE Energy price target lowered to $36 from $40 at Mizuho

Mizuho analyst Anthony Crowdell lowered the firm’s price target on OGE Energy to $36 from $40 and keeps a Neutral rating on the shares. OGE announced on the Q4 earnings call that it expects to experience a higher drag from the parent company going forward as it looks to add parent debt. The firm reduced estimates to reflect a higher parent debt drag.