Jefferies Upgrades OGE Energy (OGE) to Buy

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December 20, 2011 7:18 AM EST
Get Alerts OGE Hot Sheet
Price: $48.50 +0.08%

Rating Summary:
    9 Buy, 15 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 17 | New: 16
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Jefferies upgraded OGE Energy (NYSE: OGE) from Hold to Buy with a price target of $59.50 (up from $56).

The firm comments, "A recent EPA decision regarding regional haze will require the utility to install an estimated $1.0 billion in dry scrubbers (by 2017), which Jefferies estimates will contribute $0.54 to EPS."

For an analyst ratings summary and ratings history on OGE Energy click here. For more ratings news on OGE Energy click here.

Shares of OGE Energy closed at $53.11 yesterday.

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