bullish
Hearing Examiner Recommends Against Iberdrola (Avangrid)/PNM Resources Deal
153 Views05 Nov 2021 02:18
TP is $50.3, as the deal should complete, in my view, although it may take longer than the initial deadline. Gross spread is 5.3%. Long PNM US, under-pined by stand-alone comps based valuation.
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Jesus Rodriguez Aguilar
European Event-Driven Analyst
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