Barclays Maintains Overweight on OGE Energy, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Nicholas Campanella maintains an Overweight rating on OGE Energy (NYSE:OGE) but lowers the price target from $35 to $34.
March 14, 2024 | 11:38 am
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on OGE Energy but lowers the price target from $35 to $34.
The adjustment in price target by Barclays reflects a slight negative sentiment towards OGE Energy's short-term price potential, although the Overweight rating indicates a positive outlook on the stock's performance. The reduction in price target might cause a short-term negative reaction in the stock price, but the continued Overweight rating suggests confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100