TXNM Energy price target raised to $53 from $45 at Citi

Citi raised the firm’s price target on TXNM Energy (TXNM) to $53 from $45 and keeps a Neutral rating on the shares. The company is well positioned into 2025 with Permian growth, New Mexico regulatory environment improving, crypto load strength, and manageable wildfire risk as a sale remains possible given its equity needs, the analyst tells investors in a research note.