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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.