Citigroup Maintains Neutral on PNM Resources, Maintains $51 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ryan Levine has maintained a Neutral rating on PNM Resources (NYSE:PNM) and kept the price target at $51.
September 18, 2023 | 1:38 pm
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NEUTRAL IMPACT
Citigroup analyst Ryan Levine has maintained a Neutral rating on PNM Resources and kept the price target at $51.
The news involves Citigroup's analyst's rating on PNM Resources. However, as this is a routine part of an analyst's job, it is unlikely to have a significant impact on Citigroup's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on PNM Resources, with a price target of $51.
The news is directly about PNM Resources and its rating by Citigroup. The Neutral rating suggests that Citigroup does not expect significant price movement in the short term. The maintained price target of $51 also indicates that Citigroup's valuation of the company has not changed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100