Scotiabank raised the firm’s price target on TXNM Energy (TXNM) to $60 from $55 and keeps a Sector Perform rating on the shares. The firm credits TXNM Energy for finding a buyer and financial partner in Blackstone, the analyst tells investors. However, with headline risks and uncertainty for 12-18 months, the firm is remaining on the sidelines
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Read More on TXNM:
- TXNM Energy announces Henry Monroy as CFO
- TXNM Energy downgraded to Neutral from Outperform at Mizuho
- TXNM Energy says has been meeting with Blackstone for several months
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