National Fuel price target raised to $81 from $80 at Scotiabank

Scotiabank raised the firm’s price target on National Fuel to $81 from $80 and keeps an Outperform rating on the shares. At the company level, Q2 earnings for the U.S. Natural Gas sector were “subdued” compared to the excitement earlier this year, the analyst tells investors. In light of the pullback in the sector and the bullish factors for 2025 and 2026 natural gas prices, the firm believes it is time to ramp up exposure to the natural gas space.