TXNM Energy price target raised to $52 from $46 at Barclays

Barclays raised the firm’s price target on TXNM Energy (TXNM) to $52 from $46 and keeps an Overweight rating on the shares. The firm says the company is building momentum with strong regulatory execution in New Mexico. The New Mexico settlement unlocks the next leg to a valuation re-rate of the shares, the analyst tells investors in a research note.