Jefferies Upgrades PNM Resources To Buy

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Jefferies upgraded
PNM Resources IncPNM
from Hold to Buy. The price target for PNM Resources has been raised from $29.00 to $30.50. PNM Resources shares have dropped 5.83 percent over the past 52 weeks, while the S&P 500 index has surged 10.18 percent in the same period. PNM Resources' shares closed at $26.49 yesterday.
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Posted In: UpgradesAnalyst RatingsJefferies
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