Janney Montgomery Scott Initiates Coverage On Northwest Natural Hldg with Neutral Rating, Announces Price Target of $39
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott analyst Michael Gaugler has initiated coverage on Northwest Natural Holding (NYSE:NWN) with a Neutral rating and set a price target of $39.
January 31, 2024 | 12:12 pm
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NEUTRAL IMPACT
Northwest Natural Holding received a Neutral rating from Janney Montgomery Scott with a price target of $39.
The initiation of coverage by an analyst typically garners attention from investors and can influence stock price. However, a Neutral rating suggests that the analyst believes the stock will perform in line with the market or sector, implying no significant movement in either direction. The price target of $39 provides a reference point for investors but does not suggest a strong upside or downside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100