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Fly News Breaks for July 24, 2017
NWE
Jul 24, 2017 | 07:34 EDT
Credit Suisse analyst Michael Weinstein downgraded NorthWestern to Underperform from Neutral on increased Montana regulatory risk, with extra scrutiny over power cost recovery possibly leading to a full ratecase filing as early as September, earlier than the company would like. The analyst also lowered his price target on the shares to $60 from $62.
News For NWE From the Last 2 Days
NWE
Apr 25, 2024 | 19:29 EDT
Backs $500M capital plan for FY24. The company said, "We are also affirming our long-term (5 year) diluted earnings per share growth guidance of 4% to 6% from a 2022 base year of $3.18 diluted earnings per share on a non-GAAP basis. We expect rate base growth of 4% to 6%. Our current capital investment program is sized to provide for no equity issuances. Future generation capacity additions or other strategic opportunities may require equity financing."
