Janney Capital Initiates New Jersey Resources At Buy

Analysts at Janney Capital initiated coverage on

with a Buy rating. The target price for New Jersey Resources is set to $36. New Jersey Resources shares have dropped 1.93 percent over the past 52 weeks, while the S&P 500 index has surged 7.19 percent in the same period. New Jersey Resources' shares fell 0.07 percent to close at $27.64 yesterday.