Mizuho lowered the firm’s price target on PNM Resources to $40 from $41 and keeps a Neutral rating on the shares. The latest decision continues to highlight the challenging nature of New Mexico’s regulatory environment, the analyst tells investors in a research note.
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Read More on PNM:
- Wells Fargo upgrades PNM Resources to Overweight after Avangrid terminates deal
- Avangrid price target raised to $34 from $33 at Mizuho
- PNM downgraded to Neutral after deal termination at Mizuho
- PNM Resources downgraded to Neutral from Buy at Mizuho
- PNM Resources upgraded to Overweight from Equal Weight at Wells Fargo
