Raymond James analyst John Freeman downgraded National Fuel to Market Perform from Outperform without a price target. The firm cites its bearish outlook on natural gas for the downgrade, but notes that National Fuel’s utility and midstream divisions offers added downside protection against lower commodity environments relative to peers, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NFG:
- National Fuel downgraded to Market Perform from Outperform at Raymond James
- National Fuel lowers FY23 EPS view to $5.35-$5.75 from $6.40-$6.90
- National Fuel Reports First Quarter Earnings
- National Fuel reports Q1 EPS $1.84, consensus $1.75
- National Fuel downgraded to Sector Perform from Outperform at Scotiabank