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Pnm Resources, Inc. (holding Co.) (PNM) [hlAlert]

Rating:
Buy PNM

Pnm Resources, Inc. (holding Co.) (PNM) rated Buy with price target $35 by Argus

Posted on: Friday,  Dec 25, 2015  8:25 AM ET by Argus

Pnm Resources, Inc. (holding Co.)
(NYSE: PNM) rated Buy with price target $35 by Argus.

PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its principal subsidiary is Public Service Company of New Mexico, which provides electric power and natural gas utility services to more than 1.3 million people in New Mexico. The company also sells power on the wholesale market in the Western U.S.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/25/2015 8:25 AM Buy
None
35.00
as of 8/27/2015
1 Week down  -5.80 %
1 Month up  2.89 %
3 Months down  -0.03 %
1 YTD up  2.44 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/24/2015 8:25 AM Buy
None
30.86 35.00
7/22/2015 8:25 AM Buy
None
25.34 31.00
1/5/2015 8:25 AM Buy
None
29.74 35.00
10/20/2014 9:25 AM Buy
None
27.00 32.00
9/28/2010 9:25 AM Hold
None
11.16
5/11/2010 9:25 AM Buy
None
12.84 17.00

(*) Stock Price at the time of the recommendation.
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