Mizuho Downgrades PNM Resources to Neutral, Announces $41 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has downgraded PNM Resources (NYSE:PNM) from Buy to Neutral and set a price target of $41.
January 03, 2024 | 2:12 pm
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Mizuho analyst downgraded PNM Resources from Buy to Neutral with a new price target of $41.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $41 may also suggest limited upside potential from the current trading level, influencing investor sentiment.
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