TXNM Energy price target raised to $55 from $52 at Scotiabank

Scotiabank raised the firm’s price target on TXNM Energy (TXNM) to $55 from $52 and keeps a Sector Perform rating on the shares. The firm was impressed with TXNM’s updated outlook, which calls for EPS growth to accelerate to an even faster pace than expected at 7%-9%, among the fastest in the industry, the analyst tells investors in a research note. The firm remains on the sidelines, as the attractive outlook is already reflected in the stock.