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UPDATE: Citi Upgrades National Fuel Gas to Buy

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Citi is out with its report today on National Fuel Gas (NYSE: 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.

Posted-In: CitiAnalyst Color Upgrades Price Target Analyst Ratings

 

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