Wells Fargo Maintains Overweight on TXNM Energy, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jonathan Reeder has maintained an Overweight rating on TXNM Energy and increased the price target from $46 to $49.
October 16, 2024 | 3:40 pm
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Wells Fargo has maintained an Overweight rating on TXNM Energy and increased the price target from $46 to $49, indicating a positive outlook.
The increase in price target from $46 to $49 by Wells Fargo suggests a positive outlook for TXNM Energy. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100