Why WGL Holdings (WGL) Stock Is Up Today

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.

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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."

WGL ChartWGL data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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