UPDATE: Jefferies Downgrades OGE Energy to Hold

Jefferies downgrades OGE Energy

to Hold from Buy baed on lower assumed processing and gathering volumes at the company's midstream business. Jefferies lowers its price target on the stock to $58.50, down $1 from before, as it adjusts EPS for next year to $3.50, down $0.20. OGE closed at $54.39 a share on Wednesday.