NorthWestern Energy price target lowered to $48 from $49 at Barclays

Barclays lowered the firm’s price target on NorthWestern Energy to $48 from $49 and keeps an Underweight rating on the shares as part of a Q1 preview for the utilities group. The analyst expects weaker quarter results for the sector due to “underwhelming” weather to start the year. However, the firm does not see many companies trending lower in the fiscal 2024 earnings range.