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Northwest Natural Gas price target raised to $40 from $39 at Stifel

Stifel raised the firm’s price target on Northwest Natural Gas to $40 from $39 and keeps a Buy rating on the shares. The firm is updating its model following Q1 results that were slightly below its estimates and updated its quarterly cadence to more align with guidance as the company incurs higher expenses before recovery begins with their rate case, which should be effective starting in November.

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