NEW YORK (TheStreet) -- Shares of WGL Holdings Inc (WGL) are up 5.55% to $40.50 in early market trading after the company was upgraded to "buy" from "hold" at Brean Capital with a $45 price target.
The firm cited compelling valuation following the natural gas company's third quarter results.
Separately, TheStreet Ratings team rates WGL HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WGL HOLDINGS INC (WGL) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
- You can view the full analysis from the report here: WGL Ratings Report