Guggenheim raised the firm’s price target on New Jersey Resources (NJR) to $49 from $46 and keeps a Neutral rating on the shares, citing a slightly higher multiple for the target bump after the company reported fiscal Q4 results, introduced its 2025 guidance range and reaffirmed its long-term growth rate.
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Read More on NJR:
- New Jersey Resources price target raised to $54 from $51 at Wells Fargo
- New Jersey Resources Reports Strong Fiscal 2024 Results
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- NJR Clean Energy Ventures sells residential solar portfolio to Spruce Power
- New Jersey Resources reports Q4 adjusted EPS 89c, consensus 87c
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