Citigroup Maintains Neutral on PNM Resources, Raises Price Target to $51
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Ryan Levine maintains a Neutral rating on PNM Resources (NYSE:PNM) and raises the price target from $50.3 to $51.
June 22, 2023 | 2:02 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on PNM Resources and raises the price target from $50.3 to $51.
The news of Citigroup maintaining a Neutral rating on PNM Resources and raising the price target from $50.3 to $51 indicates that the analyst sees potential for the stock price to increase, but not significantly enough to change the overall rating. This may have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100