Wells Fargo Maintains Equal-Weight on New Jersey Resources, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has maintained an Equal-Weight rating on New Jersey Resources (NYSE:NJR) and raised the price target from $47 to $51.
October 16, 2024 | 3:19 pm
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Wells Fargo has maintained its Equal-Weight rating on New Jersey Resources and increased the price target from $47 to $51, indicating a positive outlook.
The increase in price target from $47 to $51 by Wells Fargo suggests a positive outlook for New Jersey Resources, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100