RBC Capital analyst Stephen D’Ambrisi raised the firm’s price target on OGE Energy (OGE) to $51 from $49 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 earnings in Utilities. As has been the trend across the space over the last 18 months given the rapidly changing capital deployment landscape, a number of utilities that are typically Q4 roll-forward companies gave off-cycle or early previews of updated capital plans, prompting the firm to revise its model in the sector, the analyst tells investors in a research note.
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Read More on OGE:
- OGE Energy price target lowered to $49 from $51 at Barclays
- OGE Energy downgraded to Underweight at Wells Fargo on valuation
- OGE Energy downgraded to Underweight from Equal Weight at Wells Fargo
- OGE Energy initiated with a Market Perform at BMO Capital
- OGE Energy price target lowered to $44 from $45 at UBS