OGE Energy price target raised to $41 from $39 at Wells Fargo

Wells Fargo analyst Shahriar Pourreza raised the firm’s price target on OGE Energy (OGE) to $41 from $39 and keeps an Overweight rating on the shares. The firm notes OGE laid out a credible multi-year growth runway, but management’s “approved-only” framing keeps printed growth too modest relative to the opportunity set. Wells remains cautious solely on valuation.