By: Benzinga
UPDATE: Jefferies Upgrades El Paso Electric Company to Buy on 2016 EPS Estimate
In a report published Friday, Jefferies analyst Paul B. Fremont upgraded the rating on El Paso Electric Company (NYSE: EE ) from Hold to Buy, and raised the price target from $34.50 to $39.00. In the report, Fremont noted, “We are upgrading EE to Buy from Hold and initiating a
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