Raymond James raised the firm’s price target on New Jersey Resources (NJR) to $50 from $49 and keeps an Outperform rating on the shares. Raymond James is constructive on New Jersey Resources’ ability to differentiate itself among steadier gas utility players through its core New Jersey Natural Gas utility, surrounded by unregulated businesses, the analyst tells investors in a research note. New Jersey Resources has consistently performed well and runs a quality financial model, the firm adds.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NJR:
- New Jersey Resources Reports Mixed Fiscal 2025 Results
- New Jersey Resources: Strong Growth and Positive Outlook
- New Jersey Resources Reports Q3 2025 Financial Results
- New Jersey Resources narrows FY25 EPS view to $3.20-$3.30, consensus $3.17
- New Jersey Resources reports Q3 adjusted EPS 6c, consensus (3c)