MDU Resources Group: Strategic Positioning and Growth Prospects Drive Buy Rating
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MDU Resources Group has received a Buy rating from Ross Fowler due to its strategic positioning as a regulated utility post-spin-offs. The company is expected to achieve 7-8% rate base growth and 6-8% EPS growth through 2029, driven by projects like Badger Wind, JETx, and Bakken East. Jefferies also upgraded the stock to a Buy with a $20.00 price target, highlighting MDU's strong investment potential and ability to navigate regulatory complexities across multiple jurisdictions.
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