Janney Montgomery Scott analyst Michael Gaugler upgraded Middlesex Water (MSEX) to Buy from Neutral with an unchanged fair value estimate of $66. The forward outlook remains “very positive,” with the Delaware rate case entering the final stages of the process and an expected New Jersey rate case filing sometime in 2025, says the analyst, who believes now is “an appropriate time for investors to begin building or adding to positions” following a pullback in the share price.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSEX:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue