JPMorgan upgraded New Jersey Resources (NJR) to Overweight from Neutral with a price target of $54, up from $52. The company’s recent fiscal Q4 earnings showcased continued confidence in its “premium” 7%-9% earnings growth, now re-based to 2025, the analyst tells investors in a research note. The firm sees 2025 as a :more standard” execution-focused year for New Jersey Resources after bigger regulatory lifts in 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NJR:
- New Jersey Resources price target raised to $49 from $46 at Guggenheim
- New Jersey Resources price target raised to $54 from $51 at Wells Fargo
- New Jersey Resources Reports Strong Fiscal 2024 Results
- New Jersey Resources Boosts Finances with Solar Sale
- NJR Clean Energy Ventures sells residential solar portfolio to Spruce Power