Brean Murray Carret & Co. Upgrades SJW Corp. (SJW) to Buy; Raising Estimates After Q4 Results
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Price: $26.13 --0%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 19
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 19
Trade SJW Now!
Brean Murray Carret & Co. upgraded SJW Corp. (NYSE: SJW) from Neutral to Buy with a price target of $29.00.
Brean analyst says, "Quarterly results aside, our investment thesis on SJW shares has now turned positive based on 1) expectations surrounding the company's 2012 General Rate Case (GRC) request in the state of California, and 2) plans for significant CAPEX investment over the next 2-3 years."
Analyst, Michael Gaugler, raised FY12 EPS estimates from $1.05 to $1.20 and FY13 from $1.22 to $1.45.
For an analyst ratings summary and ratings history on SJW Corp. click here. For more ratings news on SJW Corp. click here.
Shares of SJW Corp. closed at $23.45 yesterday, with a 52 week range of $20.87-$25.32.
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Brean analyst says, "Quarterly results aside, our investment thesis on SJW shares has now turned positive based on 1) expectations surrounding the company's 2012 General Rate Case (GRC) request in the state of California, and 2) plans for significant CAPEX investment over the next 2-3 years."
Analyst, Michael Gaugler, raised FY12 EPS estimates from $1.05 to $1.20 and FY13 from $1.22 to $1.45.
For an analyst ratings summary and ratings history on SJW Corp. click here. For more ratings news on SJW Corp. click here.
Shares of SJW Corp. closed at $23.45 yesterday, with a 52 week range of $20.87-$25.32.
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