Barclays Maintains Underweight on NorthWestern Energy Group, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Underweight rating on NorthWestern Energy Group (NASDAQ:NWE) but increased the price target from $48 to $49.

January 22, 2024 | 3:20 pm
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Barclays maintains an Underweight rating on NorthWestern Energy Group but raises the price target from $48 to $49.
While the increase in price target could be seen as a positive signal, the Underweight rating suggests that Barclays analysts believe NWE may not perform as well as its peers in the near term. The impact on the stock price is likely to be neutral in the short term as the positive effect of a higher price target is offset by the negative sentiment of the Underweight rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100