Brean Murray Initiates Coverage on American Water Works (AWK) with a Buy; Highlights Income & Capital Appreciation
More News related to AWK
- Pennsylvania American Water Rate Case Settlement Includes Increased Funding for Low-Income Assistance Program
- Trading Radar for 11/09: Dish Network (DISH), Rockwell (ROK), Priceline.com (PCLN), MBIA (MBI), Ticketmaster (TKTM) Report
- California American Water Celebrates 'No Drugs Down the Drain' Week in Los Angeles
- California American Water Celebrates 'No Drugs Down The Drain' Week in Ventura
- California American Water Celebrates 'No Drugs Down the Drain' Week in San Diego
Brean Murray initiates coverage on American Water Works (NYSE: AWK) with a Buy rating and $28 target price.
Brean analyst says, "American Water Works is the largest investor-owned drinking water and wastewater utility in the United States, as measured by both operating revenue and population served. The company completed its IPO in the spring of 2008, returning to the NYSE after having been owned by German parent RWE AG since 2003. New and expected rate-case filings, coupled with increased capex and acquisitions should lead to significant growth in coming years. We recommend investors seeking both income and capital appreciation begin building positions at current levels."
To see more analyst ratings on AWK Click Here.
American Water Works Company, Inc. is a United States water and wastewater utility company.
Related Categories
New CoverageStocks Mentioned
-0.03Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
