Wells Fargo Downgrades New Jersey Resources to Equal-Weight, Lowers Price Target to $61
Wells Fargo analyst Constantine Lednev downgrades New Jersey Resources (NYSE:NJR) from Overweight to Equal-Weight and lowers the price target from $63 to $61.
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Filed: 2026-08-20 AccNo: 0001140361-26-033890 Size: 1 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 9.01: Financial Statements and Exhibits
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Wells Fargo analyst Constantine Lednev downgrades New Jersey Resources (NYSE:NJR) from Overweight to Equal-Weight and lowers the price target from $63 to $61.
New Jersey Resources (NYSE:NJR) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.07 by 57.14 percent. This is a 83.33 percent increase over earnings of $0.06 per share from
New Jersey Resources (NYSE:NJR) narrows FY2026 Adj EPS guidance from $3.48-$3.63 to $3.52-$3.62 vs $3.56 analyst estimate..