5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

04. National Fuel Gas Company (NYSE:NFG)

Price Reaction after the Upgrade: +0.69 (+1.32%)

On September 13, Scotiabank made significant adjustments to its assessment of National Fuel Gas Company (NYSE:NFG), which operates in the energy sector. The financial institution has upgraded its rating on National Fuel Gas Company (NYSE:NFG) from “Sector Perform” to “Sector Outperform,” indicating a more optimistic outlook for the company within its industry. However, it’s important to note that alongside this positive shift in recommendation, Scotiabank has also revised its price target for National Fuel Gas Company (NYSE:NFG). Previously set at $70, the new price target now stands at $68. This change in outlook from National Fuel Gas Company (NYSE:NFG) carries weight within the financial sector, drawing attention from investors and market analysts. The upgrade to “Sector Outperform” reflects Scotiabank’s belief that National Fuel Gas Company (NYSE:NFG) can outperform its industry peers, signaling potential growth and value for investors. While still optimistic, the decision to lower the price target suggests that Scotiabank may have adjusted its near-term expectations for National Fuel Gas Company (NYSE:NFG) stock performance.