BMO Capital initiated coverage of NorthWestern Energy (NWE) with a Market Perform rating and $60 price target The firm believes the company’s positives are partially offset by its “only” 4%-6% rate base and earnings growth. This is lower than peers and NorthWestern faces a regulatory environment that has historically been noisy at times, the analyst tells investors in a research note.
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Read More on NWE:
- Promising Growth and Regulatory Improvements Justify Buy Rating for Northwestern Energy Group
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