Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on El Paso Electric Company

Share:
Related EE
Earnings Scheduled For May 4, 2016
Stocks Hitting 52-Week Highs
Late To The Party For Bonds? How About Utilities As A Bond Proxy (Seeking Alpha)

In a report published Friday, Jefferies & Company reiterated its Hold rating on El Paso Electric Company (NYSE: EE), and slightly raised its price target from $35.50 to $36.00.

Jefferies noted, “El Paso reported 3Q12 earnings of $1.29 versus our estimate of $1.25, First Call Consensus of $1.28, and versus $1.41 during the same period last year. The quarter was negatively impacted by a return to more normal summer weather and a May 2012 rate settlement that lowered retail rates.”

El Paso Electric Company closed on Thursday at $33.99.

Latest Ratings for EE

DateFirmActionFromTo
Mar 2016JefferiesUpgradesUnderperformHold
Feb 2016JefferiesMaintainsUnderperform
Nov 2015JefferiesDowngradesHoldUnderperform

View More Analyst Ratings for EE
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (EE)

View Comments and Join the Discussion!