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Jefferies Offers A Pair Trade In Electric Utilities: PNM Upgraded, American Electric Downgraded
Tuesday, September 20, 2016 - 12:27pm | 396Jefferies took different opinions on PNM Resources Inc (NYSE: PNM) and American Electric Power Company Inc (NYSE: AEP). Analysts Anthony Crowdell and Benjamin Budish believe PNM merits upgrading from Hold to a Buy rating on the expectation that a state regulator's rate decision would be more...