BofA raised the firm’s price target on NorthWestern Energy to $64 from $62 and keeps a Buy rating on the shares. After increasing its estimates following the firm’s latest regulatory deep dive, BofA has increased its FY23 EPS to a "Street-high" $3.61, the analyst tells investors. . While growth beyond 2023 is "still below average," the firm believes "that is more than priced-in" and it now forecasts 4%-5% upside to 2023-2024 consensus.
Published first on TheFly
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