Wells Fargo raised the firm’s price target on Northwest Natural Gas (NWN) to $45 from $42 and keeps an Equal Weight rating on the shares. The firm viewed the Q3 update favorably as EPS came in better-than-plan, the company affirmed 2024 guidance and, lastly, management discussed progress on regulatory and RNG initiatives, which Wells consider supportive of a healthy step-up in 2025 EPS.
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Read More on NWN:
- Northwest Natural Holdings Reports Q3 2024 Results
- Northwest Natural Gas reports Q3 EPS (71c), consensus (79c)
- Northwest Natural Gas backs FY24 adjusted EPS view $2.20-$2.40
- NWN Upcoming Earnings Report: What to Expect?
- Northwest Gas Adjusts Revenue Increase and Earnings Guidance
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