Barclays Maintains Overweight on OGE Energy, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Overweight rating on OGE Energy (NYSE:OGE) but has reduced the price target from $38 to $35.
January 22, 2024 | 3:21 pm
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Barclays has maintained an Overweight rating on OGE Energy but lowered the price target from $38 to $35, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Barclays believes OGE Energy will outperform the market or its sector, the reduction in the price target could imply that there are factors that might limit the stock's upside potential. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued positive rating and the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100