TXNM Energy price target raised to $61 from $57 at Barclays

Barclays raised the firm’s price target on TXNM Energy (TXNM) to $61 from $57 and keeps an Overweight rating on the shares following the announced acquisition by Blackstone. The firm sees more room to close the stock’s valuation gap to the deal price as management executes to the close. Barclays believes the deal can close, with New Mexico the “key state to watch.”