Barclays raised the firm’s price target on NorthWestern Energy (NWE) to $59 from $56 and keeps an Overweight rating on the shares. The firm adjusted utilities and power sector models heading into Q1 earnings to reflect the macro positioning and updated thoughts on the U.S. utilities tariff outlook. The sector poised to a continue to re-rate on an absolute basis given the defensive characteristics of the industry, the analyst tells investors in a research note.
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Read More on NWE:
- Positive Revenue Outlook for NorthWestern Energy Following Favorable Settlements in Rate Cases
- NorthWestern Energy announces settlement agreements in Montana
- NorthWestern Energy price target raised to $62 from $60 at Wells Fargo
- NorthWestern Energy Discusses Strategic Growth and Investments
- NorthWestern affirms long-term targets, says 2025 outlook post rate review
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