PNM Resources (PNM +3%) trades higher after Wells Fargo raises the stock to outperform, citing...

|About: PNM Resources, Inc. (PNM)|By:, SA News Editor

PNM Resources (PNM +3%) trades higher after Wells Fargo raises the stock to outperform, citing the company's recapitalization of its business and a windfall from the expected sale of its power marketing operations. Separately, SunTrust also ups the shares to buy.