Scotiabank raised the firm’s price target on National Fuel (NFG) to $68 from $67 and keeps an Outperform rating on the shares. The firm updated estimates for its U.S. natural gas coverage group. The analyst continues to see a warm winter as a risk to near-term NYMEX prices, with the pending liquified natural gas buildout “as a potential boon.” Scotiabank’s best ideas in the group continue to be Southwestern Energy (SWN) and Range Resources (RRC).
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