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Jefferies Upgrades MDU Resources Group, Inc. (MDU) from ‘Hold’ to ‘Buy’, Raises PT to $20

With significant upside potential, MDU Resources Group, Inc. (NYSE:MDU) secures a spot on our list of the 13 Best Diversified Stocks to Buy According to Hedge Funds.

On September 19, 2025, Jefferies upgraded MDU Resources Group, Inc. from ‘Hold’ to ‘Buy’, raising its price target from $18 to $20. The investment firm cited the company’s attractive valuation and growth potential.

Even after factoring potential benefits from the Bakken East Pipeline project, MDU Resources Group, Inc. is seen as undervalued relative to its core business, the investment firm notes. Jefferies also highlighted the company’s healthy dividend yield of 3.48% and consistent earnings growth of 6-8% annually. The analyst also noted that the path for the company’s regulated energy delivery operations is clear as uncertainty following the spin-off subsides. Looking ahead, an upcoming pipeline announcement is seen as a potential catalyst for the stock to be re-rated by the market, the brokerage noted.

With its Electric, Natural Gas Distribution, and Pipeline segments, MDU Resources Group, Inc. provides regulated energy delivery services across the U.S. It is one of the Best Diversified Stocks.

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