Scotiabank raised the firm’s price target on National Fuel to $75 from $72 and keeps an Outperform rating on the shares. The company delivered “strong” Q2 results, beating the Street’s estimates across all four segments and increasing its adjusted EPS year-over-year, the analyst tells investors. Scotiabank views National Fuel as an “underappreciated and undervalued stock,” with catalysts driving cash flow growth.
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