Wells Fargo Upgrades PNM Resources to Overweight, Announces $44 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Anthony Crowdell has upgraded PNM Resources (NYSE:PNM) from Equal-Weight to Overweight and set a price target of $44.
January 03, 2024 | 12:40 pm
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Wells Fargo analyst Anthony Crowdell upgraded PNM Resources to Overweight from Equal-Weight and set a price target of $44.
Upgrades by analysts, especially from a major financial institution like Wells Fargo, can lead to increased investor confidence and a potential rise in the stock's price in the short term. The new price target of $44 suggests a positive outlook for PNM Resources, which may influence investors to reevaluate the stock's value.
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