TXNM Energy price target raised to $56 from $53 at Mizuho

Mizuho analyst Anthony Crowdell raised the firm’s price target on TXNM Energy (TXNM) to $56 from $53 and keeps an Outperform rating on the shares after the company reaffirmed 2025 EPS guidance, its $7.8B five-year capex plan, and its long-term EPS target of 7%-9%. The firm believes shares, which currently trade at about a 2% P/E discount to the group, should trade at a modest single-digit premium to account for fast growth in Texas and improving Texas and New Mexico regulatory jurisdictions, the analyst tells investors.