UPDATE: Williams Initiates OGE Energy at Buy

Williams is out with its report today on OGE Energy OGE, initiating OGE at Buy. In a note to clients, Williams writes, "We initiate coverage on OGE Energy Corp. with a Buy investment rating and $55.00 target price on June 21, 2011 at a price of $49.05. In our opinion, the stock currently reflects a 13%-15% valuation discount to a reasonable Sum-of-the-Parts valuation based on our 2013 fundamental estimates, providing additional capital appreciation headroom, in our opinion." Shares of OGE closed Monday at $49.05.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetInitiationAnalyst RatingsOGE EnergyWilliams
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!