DA Davidson Upgrades Northwestern Corp. (NWE) to Buy as New Growth Prospects Emerge
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Price: $71.81 +0.41%
Rating Summary:
4 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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DA Davidson upgraded Northwestern Corp. (NYSE: NWE) from Neutral to Buy.
DA analyst said, "We are upgrading to BUY as we are confident in the firm’s ability to fuel average EPS growth of ~7% per year over the next five years. We believe NWE can execute on its pipeline of small- and mid-sized capital projects, including environmental controls, distribution system upgrades, and new thermal & renewable generating facilities. The possible addition of larger transmission projects toward the end of our 5-year horizon would provide additional growth potential."
"We are maintaining our 2011 EPS forecast of $2.35, which factors in the first quarter’s positive weather impact, partially offset by higher expected OG&A expenses than we had previously forecast. Our 2012 EPS estimate is maintained at $2.45."
For more ratings news on Northwestern Corp. click here and for the rating history of Northwestern Corp. click here.
Shares of Northwestern Corp. closed at $31.74 yesterday.
DA analyst said, "We are upgrading to BUY as we are confident in the firm’s ability to fuel average EPS growth of ~7% per year over the next five years. We believe NWE can execute on its pipeline of small- and mid-sized capital projects, including environmental controls, distribution system upgrades, and new thermal & renewable generating facilities. The possible addition of larger transmission projects toward the end of our 5-year horizon would provide additional growth potential."
"We are maintaining our 2011 EPS forecast of $2.35, which factors in the first quarter’s positive weather impact, partially offset by higher expected OG&A expenses than we had previously forecast. Our 2012 EPS estimate is maintained at $2.45."
For more ratings news on Northwestern Corp. click here and for the rating history of Northwestern Corp. click here.
Shares of Northwestern Corp. closed at $31.74 yesterday.
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