Barclays raises 2012/13 Price target on Natural Gas (UNG)

Barclays raised its price target on natural gas by 20c for 2012. Analyst Richard Gross now has a price target of $2.60 for 2012. For 2013, he raised his price target by 10c to $3.35, according to a note today.

Natural Gas futures trade near 2.80 per million BTU.

United States Natural Gas Fund, LP (NYSE: UNG) is higher by 30 percent in the past 3 months, but is still lower by 26 percent year-to-date.

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