Wells Fargo upgraded NorthWestern Corp. (NYSE: NWE) to Outperform from Market Perform citing an attractive relative valuation. The firm raised its target range for shares to $35-$36 from $30-$31.
Shares of NWE last traded at $30.86 on Monday. NorthWestern has a 52 week low of $25.15 and a 52 week high of $31.21. The company has a total market cap of $1.13 billion. The price to earning ratio of the company is 14.51, and the PEG ratio is 2.01.
Northwestern Corp., doing business as NorthWestern Energy, engages in the generation, transmission and distribution of electricity. It serves approximately 665,000 residential, commercial, and industrial customers. The company was founded in 1923 and is based in Sioux Falls, South Dakota.
