Jefferies analyst Julien Dumoulin-Smith initiated coverage of New Jersey Resources (NJR) with a Hold rating and $51 price target Commercial solar capex remains “a key question mark,” but the firm sees the company’s overall long-term trajectory as strong, though it also views shares as fairly valued compared to peers on the firm’s forecasts.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NJR:
- New Jersey Resources price target raised to $54 from $53 at Guggenheim
- New Jersey Resources Reports Strong First-Quarter Earnings
- New Jersey Resources: Strong Fiscal 2025 Start Amid Challenges
- New Jersey Resources Reports Strong Q1 2025 Growth
- New Jersey Resources reports Q1 adjusted EPS $1.29, consensus $1.06