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Fly News Breaks for January 8, 2019
NWN
Jan 8, 2019 | 07:53 EDT
Maxim analyst Tate Sullivan initiated Northwest Natural Gas with a Buy rating and a price target of $72. The analyst is confident that the company can continue to grow its earnings and dividends thanks to "above-average economic growth in Portland, Oregon and the surrounding area." Based on the migration trends of companies and people to Oregon and Washington from California and other parts of the U.S., Sullivan believes that Northwest Natural Gas customer growth is "sustainable".
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