Janney Montgomery Scott Downgrades ERII & INSU, Upgrades CWT

April 21, 2009 1:56 PM EDT

Janney Montgomery Scott made some rating changes today in the Water space. The firm downgraded Energy Recovery, Inc. (Nasdaq: ERII) from Buy to Neutral on valuation; Insituform Technologies Inc. (Nasdaq: INSU) was downgraded from Buy to Neutral saying near-term cyclicals risks crimping the long-term growth story; California Water Service Group (NYSE: CWT) was upgraded from Neutral to Buy, saying the company should post strong EPS growth in Q1.


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CWT 36.27

-0.05 -0.14%
Volume: 111,461
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ERII 5.70

+0.06 +1.06%
Volume: 314,975
Track ERII

INSU 21.01

-0.51 -2.37%
Volume: 508,166
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