Wells Fargo raised the firm’s price target on TXNM Energy (TXNM) to $53 from $49 and keeps an Overweight rating on the shares. With more clarity on the magnitude of capex opportunities from ERCOT’s Permian Basin Reliability Study and PNM’s 2028 Resource application, the firm increases its 2027-2029 EPS.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXNM: