Loading...
Loading...
Ladenburg Thalmann is out with its report today on PNM Resources
PNM, raising its PT from $15.75 to $17.50.
In its report, Ladenburg Thalmann writes, "We reiterate our NEUTRAL rating on PNM shares. Our revised price target of $17.50 (previously $15.75 p/s) is based on 13.5x/12.3x our 2012/2013 EPS estimates of $1.30/$1.42
(previously $1.22/$1.30). We estimate 2011 EPS of $0.99 (previously $0.85)."
At the time of posting, shares of PNM were trading at $16.46, up 2.75% from Friday's close.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
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!
Already a member?Sign in