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Bullish Case: NJR is a dividend aristocrat with consistent payouts, potentially underpinned by its stable natural gas distribution and involvement in clean energy ventures, which might drive growth in the mid to long term.


Bearish Case: Recent declines in NJR’s revenue and missed earnings forecasts, coupled with a bearish pattern in historical returns and flat-to-negative recent price action, suggest potential ongoing struggles.


Potential Outcomes:

1. (30%) Post-earnings bounce if upcoming reports exceed dim forecasts, boosting sentiment.

2. (45%) Continued flat performance with minor fluctuations, reflecting current uncertainty.

3. (25%) Potential decline, if revenue downtrend persists.


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April 19, 2024


New Jersey Resources Forecast

NJR        New Jersey Resources
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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