New Jersey Resources price target raised to $61 from $54 at Mizuho

Mizuho analyst Gabriel Moreen raised the firm’s price target on New Jersey Resources (NJR) to $61 from $54 and keeps an Outperform rating on the shares. The firm upped the company’s 2026 earnings estimates to the high end of its guidance. It expects New Jersey Resources to report another strong quarter in Energy Services, which it says benefited from elevated natural gas price volatility.