Stock Track | MDU Resources Stock Soars 5% After Analyst Upgrade

Stock Track

2025/02/11

Shares of MDU Resources (MDU) soared 5.01% in the pre-market session on Tuesday, after Spin-Off Research upgraded the stock to a "Buy" rating with a price target of $18.45.

The analyst firm cited positive factors such as the company's diversified business model, strong growth prospects, and attractive valuation as reasons for the upgrade.

MDU Resources is a diversified holding company with operations in the utility, construction materials, and construction services industries. The company's utilities segment provides electric and natural gas distribution services, while its other businesses include construction of power lines, pipelines, and renewable energy projects.

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