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Fly News Breaks for September 20, 2019
NWN
Sep 20, 2019 | 08:10 EDT
RBC Capital analyst Shelby Tucker raised his price target on Northwest Natural Gas to $69 but kept his Sector Perform rating. The analyst notes that the company has one of the lowest risk profiles thanks to its "modern network" and its demand growth has been "robust" at 1.7%, but contends that the valuation on the stock is "generous" relative to its peers. Tucker adds that renewable natural gas offers "intriguing" growth potential for Northwest Natural Gas, even though he expects its development to take some time.
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