MDU Resources Group's Upgrades and Earnings Momentum: A Shift in Investment Narrative?

Analysts at Jefferies and Bank of America Securities upgraded MDU Resources Group, emphasizing the company's healthy dividend and consistent earnings growth tied to ongoing infrastructure and pipeline projects. Analyst optimism over MDU's integrated pipeline assets and project pipeline may impact its investment narrative, but rising operational and maintenance expenses remain a major risk. The company's potential pipeline announcements are the biggest forward catalyst, while increasing attention could influence near-term price action.