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Fly News Breaks for December 2, 2016
PNM
Dec 2, 2016 | 06:23 EDT
As previously reported, Barclays downgraded PNM Resources to Equal Weight from Overweight and lowered its price target to $33 from $35. Analyst Daniel Ford said the election results present some uncertainty for Regulated Utility performance due to potential tax reform as tax benefits may get passed back to customers and environmental policy uncertainty could reduce long-term capex requirements from CO2 rules.
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