NORTHWEST NAT G (NWN) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of NORTHWEST NAT G (NWN) from NEUTRAL to UNDERPERFORM on March 09, 2012, with a target price of $43.80.

NW Natural is principally engaged in the distribution of natural gas. The Oregon Public Utility Commission (OPUC) has allocated to NW Natural as its exclusive service area a major portion of western Oregon, including the Portland metropolitan area, most of the fertile Willamette Valley and the coastal area from Astoria to Coos Bay. NW Natural also holds certificates from the Washington Utilities and Transportation Commission (WUTC) granting it exclusive rights to serve portions of three Washington counties bordering the Columbia River.

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