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Fly News Breaks for May 10, 2019
PNM
May 10, 2019 | 05:05 EDT
Mizuho analyst Paul Fremont upgraded PNM Resources to Buy from Neutral and raised his price target for the shares to $49.50 from $43.50. The analyst sees incremental earnings upside from the Energy Transition Act adopted into New Mexico law in March. Given the "strong" political preference in New Mexico for renewables, PNM is likely to see potential spending levels rise, Fremont tells investors in a research note.
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