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Fly News Breaks for June 4, 2018
NWE
Jun 4, 2018 | 07:21 EDT
As previously reported, KeyBanc analyst Paul Ridzon upgraded NorthWestern to Overweight from Sector Weight, with a $60 price target, as he believes the regulatory climate in Montana will improve as the makeup of the PSC becomes more balanced after November elections. Additionally, the analyst notes that the stock trades at a 15% discount to small-cap, regulated peers, which he believes incorrectly reflects the upcoming changes to the Montana PSC.
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