Seeking Alpha

Piedmont Natural Gas (PNY +0.9%) is upgraded to Outperform at Robert W. Baird with a target...

Piedmont Natural Gas (PNY +0.9%) is upgraded to Outperform at Robert W. Baird with a target price raised to $33 from $30. The firm expects infrastructure investment needed to support new natural gas-fired power generation will provide above-average EPS growth in the next several years. Incremental coal-to-gas switching could provide additional longer-term upside.
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