Jefferies Upgrades OGE Energy (OGE) to Buy

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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