BTIG raised the firm’s price target on Northwest Natural Gas (NWN) to $61 from $55 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in Utilities. The firm says it expects continued upbeat tone from utility management teams in front of load growth momentum, projecting about 1.2% EPS growth in the quarter. BTIG adds that the inflection in demand growth and associated rate base growth is now fully underway.
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