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Fly News Breaks for December 24, 2015
PNM
Dec 24, 2015 | 09:05 EDT
Argus raised its price target on PNM citing what it sees as the company's improved earnings visibility and strong cost controls, as well as increased infrastructure spending by the company and the 12% increase in its Q3 EPS. The firm expects the company's kilowatt-hour sales to rise 1%-1.1% in 2016. It notes that the company raised its dividend 10%, and it keeps a Buy rating on the shares.
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