Citi is out with its report today on National Fuel Gas NFG, upgrading NFG from Hold to Buy.
In its report, Citi writes, "We are upgrading shares of NFG to Buy from Hold, largely on valuation. Our target price is $64p/s, down from $70p/s previously, mostly as a result of our lower commodity price assumptions and our updated operating model for the company."
At the time of posting, shares of NFG were trading at $51.83, up 1.05% from Thursday's close.
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