KeyBanc Initiates PNM Resources With Hold

Analysts at KeyBanc initiated coverage on shares of PNM Resources PNM with a Hold rating. PNM Resources shares have jumped 14.35% over the past 52 weeks, while the S&P 500 index has surged 19.89% in the same period. PNM Resources' shares dropped 0.46% to close at $25.82 yesterday.