Baird Starts Aqua America (WTR) at Neutral

October 14, 2016 6:27 AM EDT
Get Alerts WTR Hot Sheet
Price: $29.74 +0.37%

Rating Summary:
    2 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Baird initiates coverage on Aqua America (NYSE: WTR) with a Neutral rating and a price target of $32.00.

Analyst Ben Kallo commented, "WTR is the second-largest IOU, with solid long-term prospects given its capital investment strategy and successful track record of growth through acquisitions. That said, WTR is currently overearning in several key states, making it more difficult for the company to increase revenue through capital investments. We believe this could make it difficult to outperform peers in the intermediate term, and are waiting for a clearer path to near-term revenue growth before becoming more constructive."

For an analyst ratings summary and ratings history on Aqua America click here. For more ratings news on Aqua America click here.

Shares of Aqua America closed at $29.77 yesterday.



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Robert W Baird, Ben Kallo

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